Know Your Wealth Transfer Options
June 17, 2020
|
Fuel Services,
Wealth Management
- Keywords:
- estate planning
- covid-19
June 17, 2020
|
Fuel Services,
Wealth Management
Even with fuel margins reaching historical highs, the COVID-19 pandemic has negatively impacted business valuations. Favorable gift tax exemptions and low IRS hurdle rates combined with lower valuations create significant wealth transfer opportunities that could result in substantial tax savings. The current situation has created a window of potential opportunity for privately held business owners to initiate wealth transfer strategies. You can read the full PDF here.
Estate planning requires legal assistance which BMO Commercial Bank N.A. and its affiliates do not provide. Please consult with your legal advisor. This information is being used to support the promotion or marketing of the planning strategies discussed herein. This information is not intended to be legal advice or tax advice to any taxpayer and is not intended to be relied upon. BMO Commercial Bank N.A. and is affiliates do not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.
BMO Wealth Management is a brand name that refers to BMO Commercial Bank N.A. and certain of its affiliates that provide certain investment, investment advisory, trust, banking, securities, insurance and brokerage products and services. Not all products and services are available in every state and/or location.
Investment Products are: NOT FDIC INSURED – NOT BANK GUARANTEED – NOT A DEPOSIT – MAY LOSE VALUE.
C11# 10332868 © 2020 BMO Financial Group (5/20)
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Even with fuel margins reaching historical highs, the COVID-19 pandemic has negatively impacted business valuations. Favorable gift tax exemptions and low IRS hurdle rates combined with lower valuations create significant wealth transfer opportunities that could result in substantial tax savings. The current situation has created a window of potential opportunity for privately held business owners to initiate wealth transfer strategies. You can read the full PDF here.
Estate planning requires legal assistance which BMO Commercial Bank N.A. and its affiliates do not provide. Please consult with your legal advisor. This information is being used to support the promotion or marketing of the planning strategies discussed herein. This information is not intended to be legal advice or tax advice to any taxpayer and is not intended to be relied upon. BMO Commercial Bank N.A. and is affiliates do not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.
BMO Wealth Management is a brand name that refers to BMO Commercial Bank N.A. and certain of its affiliates that provide certain investment, investment advisory, trust, banking, securities, insurance and brokerage products and services. Not all products and services are available in every state and/or location.
Investment Products are: NOT FDIC INSURED – NOT BANK GUARANTEED – NOT A DEPOSIT – MAY LOSE VALUE.
C11# 10332868 © 2020 BMO Financial Group (5/20)
This is part 1
of a
2-part series on
The current situation has created a window of potential opportunity for privately held business owners to initiate wealth transfer strategies.
PART 2
The Time is Right for Family Equity Transfers
June 19, 2020 Fuel Services, Wealth Management
The fuel services industry is filled with family-owned businesses, and many have the second, third and fourth generations involved in the operations.…
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