Consider a not uncommon scenario. The date is Jan. 1, 2008. Bob Savvy is the sole shareholder of Family Fortune, Inc., an S corporation. Family Fortune was recently appraised at $10 million, but the investment bankers Bob has spoken to believe that an investor could be found who'd be willing to pay up to $40 million. If the business climate changes, it also could decline in value to $1 million. Bob is married to Sue Savvy; they have two children. His objective is to transfer — with the least
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