A simple plan – Installment sale offers alternative to complex estate planning strategies

Description

Abstract: An installment sale can be an effective technique for transferring a family business, real estate or other assets a person expects to appreciate dramatically in the future. By selling the property — at fair market value — to loved ones rather than gifting it, a person can avoid gift taxes on the transfer and freeze the property’s value for estate tax purposes as of the sale date. This article details an installment sale.