Sharing the Family Business Without Giving Up Control

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A useful strategy for protecting assets during a down economy and minimizing estate tax liability is starting a family investment company (FIC).

Who can use this plan? Families who want to lessen their estate tax burden, increase asset protection, and keep assets in the family. What are the benefits? By gifting interests in the FIC to your family, you reduce your estate but retain control over the day-to-day operations.

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