Strategic Estate Planning for Business Owners

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News
featuring Karen K MacKay

On October 20, 2011, the Firm’s Karen K. MacKay was a speaker at MB Financial Bank’s seminar entitled “Strategic Estate Planning For Business Owners.” The presentation discussed recent changes to estate, gift, and generation-skipping transfer tax laws and strategies available to closely held business owners to leverage the amounts that they can transfer tax-free. Grantor Retained Annuity Trusts (GRATs), family limited partnerships and limited liability companies, intra-family loans, sales to “defective” grantor trusts, and other techniques were illustrated for the seminar attendees. Karen can be reached at 312/840-7009 or kmackay@burkelaw.com.

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