![Angus GettyImages-1022291180.jpg Angus GettyImages-1022291180.jpg](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/blte948f68f9cce2bd8/6734c7d7541d857afca2cb71/Angus_20GettyImages-1022291180.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
The scenario is all too common. The founders (or non-founding owners) of a family business realize it’s time to do some estate planning. Their email inboxes have been inundated with alarming notices that the U.S. estate tax exemption is going down, or going away, and that tax rates are going up—soon. They’re implored to act—now. And they do. The founders or non-founding family owners get some recommendations and enter their lawyers’ offices. In each case, the lawyer reviews the situation, sees potential deterioration through estate tax and recommends that these owners set up one or more trusts. The owners are advised to transfer their business shares into trust during life or at death.
Even if the owners’ net worth is less than the curre...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?