Transferring The Family Owned Business:Time Is Running Out!

For the last several years, advisors have had low interest rates to help them tax efficiently transfer family business interests to the next generation. Whether gifting or selling the business to the owner's children, low interest rates translate into low transfer tax costs. But time may be running out. I was reviewing a recent history of interest rates and realized we need to get the word out to business owners - act now while there's still time.