Common wealth transfer issues we address:
- Lack of formal estate plan or understanding of current estate plan
- Lack of communication of estate plan to key stakeholders
- Not enough liquidity to pay estate and gift taxes
- Estate plan that is outdated or no longer relevant
- Planning for assets outside the business that are unprotected
- Concern over expectations of active and inactive family members regarding the family business:
- Cash flow
- Control
- Ownership that is no longer effective
EY dedicated wealth transition teams and global experience
Ernst & Young LLP has the global experience, knowledge and extensive network to support clients and their unique wealth transition needs. Our global organization is a market leader in serving family businesses.
Our EY Private Tax practice includes a national team and network of more than 100 professionals dedicated to wealth transition planning with in-depth tax technical knowledge. Many of our professionals have previously served as executives in family enterprises and family offices, insurance professionals, attorneys and investment advisors.