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Industry Insights

Limitations on Family Discounts Possible this Fall

Scott Ditman, CPA/PFS and Marco Svagna, CPA
07.16.2015 | eVisor
Family limited partnerships and limited liability companies continue to be popular estate planning vehicles due to the availability of significant valuation discounts for lack of control and lack of marketability. The IRS has long sought ways to substantially curtail the use of these discounts. Speculation is rife that new IRS regulations may be released as early as this September. For anyone considering transferring interests in family entities, it may be prudent to act as soon as possible before there are any changes in the law.

Questions? Contact your Berdon advisor or Scott Ditman, CPA/PFS at 212.331.7464 | sditman@berdonllp.com or Marco Svagna, CPA at 212.331.7644 |msvagna@berdonllp.com