Own all or part of a closely held business? Someday the succession plan buzzer will go off. You would like to see the value of your business — in dollars — in your personal bank account. Wouldn't it be nice if all of those dollars came to you tax free? No income tax, no capital gains tax. Yes — it can be done, and legally too. With the IRS accepting the entire transaction. The strategy that makes the transfer tax-free is called an intentionally defective trust (IDT). ...

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