Zell Law, PLLC

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Estate Planning Alert-Valuation Discounts for Family Entities to Disappear after 2016

On August 4, the Treasury Department issued Proposed Regulations under §2704 of the Internal Revenue Code that eliminate almost all valuation discounts for family-owned businesses and investment entities. This will significantly impact planning strategies, and you (and, for advisors, your clients) must take action by year end if you/they want to achieve valuation discounts under current rules.  For a thoughtful analysis of the proposed regulations, please see this excellent article prepared by WealthCounsel. Please contact our office as soon as possible to explore how we can assist you now in taking advantage of valuation discounts on transfers to family members or entities for their benefit.

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