Question
Due to the recent news on potential legislative changes to estate taxation, Holmes is interested in your opinion. Which one of the following actions would
Due to the recent news on potential legislative changes to estate taxation, Holmes is interested in your opinion. Which one of the following actions would be most appropriate for them to take now to plan for their estate liquidity? Provide at least 1 con for each action you do not recommend, and at least 1 pros for the action you recommend.
purchase a life insurance policy on Stuart
establish an unfunded IRC Section 303 corporate stock redemption plan
arrange for a 10-year installment sale of Blue Water
use a grantor-retained income trust (GRIT) to remove assets from the taxable estate
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Information Technology Auditing
Authors: James A. Hall
4th edition
1133949886, 978-1305445154, 1305445155, 978-1133949886
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