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Podcast: The Money Advantage Podcast
Episode: How to Avoid Estate Tax Legally: The Planning Moves That Protect Your Family’s Legacy
Description: The “Billion-Dollar Asset” That Still Had to Be Sold
A story Bruce shares in our retirement class teaching always stops people in their tracks.
A family inherited an NFL team worth just under a billion dollars. The asset was valuable. The legacy was real. But the planning wasn’t there. When estate taxes came due, the heirs didn’t have the liquidity to pay the bill. And because the wealth was tied up in an illiquid asset, they had to sell the team.
https://www.youtube.com/live/6lCgo4y3LYs
Most families will never own an NFL franchise. But plenty o...