As family business advisors there are a number of questions frequently asked. To assist you in understanding the work we do, I will be publishing a series of frequently asked questions.
I want my son to feel secure that he will receive my shares in the business upon my death. I would give the shares to him now, but don’t want to pay capital gains tax. What can I do?
“This can be achieved by using put and call options – your son will receive options over the shares; there will be no tax implications, and, upon your passing, your son will inherit your shares. As part of your estate planning, this is a tax-effective strategy. We can work with you and your son to ensure you achieve the desired outcome. “
If you would like to learn more or you have a question you would like answered, please do not hesitate to contact me on ktaylormartin@gmail.com