March 1998
The Director - Features
Transfer Your Business Tax Free
The taxation upon the transfer of your business, whether to a family member, key employee or one of the acquisition firms, is likely be a significant amount. How can these taxes be avoided? There is a way.
Learn how to transfer your business tax free! Transfer Your Business Tax Free—The CRT in Funeral Home Transfers, describes how a Charitable Remainder Trust (CRT) provides numerous benefits in transferring your funeral home with no capital gains or income tax consequences. It explains exactly how a CRT works and what you need think about when considering a CRT.
The article was written by Maureen Hoagland, a certified financial planner specializing in funeral service financial consulting, ranging from educational valuations, to financial, retirement, estate planning and guidance in business transfers. Working exclusively with funeral home owners and being a business owner herself, gives Hoagland the ability to identify the issues and concerns facing funeral home owners.
