date:Sep 18, 2013
underlying stock, Hesch said. The technique can be used to super-charge the tax savings from a charitable trust, he said.
After the IRSs Tax Court losses, estate planners began recommending that taxpayers create family holding companies, just to generate the discount. The Waltons have held their Wal-Mart stake in a family limited partnership or similar structure since 1953. Typical discounts are 20 to 30 percent.
Beyond belief
Its beyond belief, said Wendy Gerzog, a professor at the Universi