Al Brroks
Succession Planning

Change Is Coming for Owners of Family Entities

It may become more expensive to transfer an equity interest in a family entity—whether it's an operating business, real estate company, investment firm or other enterprise—to a family member. Find out more about the possible implications of the proposed 2704(b) regulations to your current estate plan.
J.P. Morgan Private Bank
Updated November 3, 2016

UPDATE: November 2016

The outcome of this proposed regulation is increasingly uncertain. Get the latest information on criticism from the public, and find out what your family-controlled entity can do today to prepare for any eventuality.

September 2016

The US Treasury has taken a dramatic new step in its decades-long drive to curb perceived transfer tax abuses associated with intrafamily transfers of interests in family-controlled entities.

The government has proposed 2704(b) regulations that may eliminate the so-called “valuation discounts” that help reduce the taxes paid when minority interests are given to family members.

Find out more about the potential implications for your and your family in this publication by the J.P. Morgan Private Bank Wealth Advisory team.

Listen to a replay of the August 31 panel presentation that discusses the proposed 2704(b) regulations. Moderated by Bob Weylandt, a J.P. Morgan Wealth Advisor, and featuring Estate Planner Richard L. Dees from McDermott Will & Emery LLP, Valuations Expert William H. Frazier from Stout Risius Ross, Inc., and Estate and Gift Tax Litigator Stephanie Loomis-Price from Winstead PC, the panel offers their perspectives on the proposed treasury regulations.



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