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Thursday, Dec. 22

Estate Planning – Private Annuity, #105

A popular estate tax avoidance technique is to sell your business or other appreciated property you own to a family member or trusted employee while you’re alive in return for a private annuity, which is an unsecured promise by the buyer to make specific, periodic payments to you for the rest of your life. This removes your interest in the business from your estate while providing you with an annual income…

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