Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities

Effectively transitioning a business to the next generation of owners through a business succession plan that incorporates estate tax planning will result in the most value being retained by the owners and their families. Whether the business is entirely family owned or has unrelated owners, each scenario comes with its own complications but with considerable overlap in planning opportunities. This article discusses some of the tax and cash flow planning strategies specific to estate taxes, as well as other issues and opportunities that may be addressed as part of a well-informed business succession plan.