Multiple Choice
A(n) ________ attempts to minimize taxes on a family business passed from one generation to the next by creating two classes of stock-one for the parents (preferred voting stock) , whose value is locked in, and another for the children (nonvoting common stock) , whose value reflects the market value of the business.
A) grantor-retained annuity trust
B) estate freeze
C) bypass trust
D) buy/sell agreement
Correct Answer:
Verified
Correct Answer:
Verified
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