2min chapter

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#292 - Ryan Heath - Founding Attorney @ Baker Heath, PLLC - Estate Planning 101

The Fort - An Entrepreneurship Podcast

CHAPTER

How to Transfer Real Estate Holdings in LLCs to Your Kids

High net worth families use loans at the IRS minimum interest rate to finance heirs. Parents can forgive up to $34,000 worth of interest every year as long as they've made no other gifts. You are loaning money to a child. They're repaying you at a lower rate than what banks charge. And the added benefit of the FLP is that you can get discounts on the value of the asset in question.

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