Importance of Tax and Asset Transfer Planning Before Business Sale
- 1A BNY Wealth survey found that 45% of professional advisors believe clients spend too little time on tax and asset transfer planning.
- 2Michael Paulo missed out on hundreds of millions of dollars through the $2.4 billion sale price of Assurance IQ in 2019.
- 3The maximum exemption of $10 million before the passage of the One Big Beautiful Bill Act was later increased to $15 million for shares issued after July 4, 2025, through the legislation.
So what's the key point?
Nearly half of professional advisors say clients do not prepare enough for taxes or transferring assets. Without early preparation, it is possible to miss out on large sums of money like Michael Paulo did.
Source CNBC · View original ↗
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