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Erik is the sole owner of a small business that he started 2 0 years ago. Although he is not yet ready to retire, he
Erik is the sole owner of a small business that he started years ago. Although he is not yet ready to retire, he is beginning to wonder about what would happen to the business should he die or decide to retire. Erik has a son who has graduated from college and worked at the firm for a few years. His son seems to enjoy the business and have a natural aptitude for the work. Erik is also concerned about maintaining a significant income from the business and, if possible, freezing the value of the business for estate tax purposes. Erik has already used his available applicable credit amount.
Which one of the following is the most appropriate form of business transfer technique for Erik to use to achieve his objectives?
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