The matriarch of a client family had wealth that was held primarily in a concentrated stock position and had never used leverage in her wealth planning. She was looking for solutions, during her lifetime, to maximize the value of wealth transitioned to her children.
Her Abbot Downing team worked along side the client’s outside advisors to structure a series of Grantor Retained Annuity Trusts combined with tactical leverage to achieve her wealth transfer objective.
Through our solution, the client was able to preserve the value of wealth within the family and transfer on a tax-efficient basis one-third of her net worth to the next generation.
These materials are provided for general education and illustration purposes only. They were prepared by Abbot Downing and have been obtained or derived from information we consider reliable, but we cannot guarantee their accuracy or completeness. Abbot Downing does not undertake to advise you of any change in the information contained in these materials.
Wells Fargo & Company and its affiliates do not provide legal advice. Please consult your legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of you own situation at the time your taxes are prepared.