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Personal Wealth and Finance


Family Capital Legacy: Strategies to consider

July 2, 2018

You may want to include multi-generational strategies to include estate plans and long-term provisional care with your senior family members who may depend on tax planning ahead of time.

  • Family Capital-Transfer Strategy Seniors may be able to transfer capital to the next generation using advanced life insurance planning.
  • Family Equity-Transfer Strategy A parent can sell a property to a child while offering some of the equity — gifting only a portion or all of the equity value. Consider this strategy: let’s say a home was first bought for $100,000 and is now worth $750,000 ($650,000 equity value). Selling it to the child for $500,000 equates to a $150,000 equity transfer to the next generation.
    • Life insurance on one or both of the parents can re-create the capital gift of property for other heirs to equalize the estate gifts.

 

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