Transition from one generation of leadership to the next is a key challenge for any business, but especially for family-owned and middle market businesses. In family businesses, federal estate, state inheritance and gift taxes affect strategies for passing the business to the next generation, as well as making certain that children not active in the business are treated fairly. In non-family-owned businesses, the goal is often to let future owners accumulate equity at the lowest tax cost possible, while providing a tax-efficient exit strategy for current owners.

We can advise clients on the plethora of means for transferring business assets and control, while maintaining equity between family members in and out of the business.


  • Gifts and sales to defective grantor trusts
  • Crummey trusts and irrevocable life insurance trusts (ILITs)
  • Grantor Retained Annuity Trusts, Grantor Retained Unitrust Trusts, Charitable Remainder or Lead Trusts (GRATs, GRUTs, CRATs, CRUTs, CLATs, etc.)
  • Life insurance to support business transition
  • Intra-family business deals
  • Buyouts of inactive shareholders or partners
  • Estate and gift tax appraisals