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#292 - Ryan Heath - Founding Attorney @ Baker Heath, PLLC - Estate Planning 101
The Fort - An Entrepreneurship Podcast
The Benefits of Vertical Slicing for Fund Managers
The IRS says you can't just gift your carry. What you've got to do is a vertical slice of all of the ownership you have in this entity, end of the trust. So I can't gift my carry, but I can gift an equal, say, 25% of my class A, class B, and if C is the carry, the class C interest. Not as sexy or appealing, right? But there's still a tremendous upside to it.
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