Re:IRS records reveal how the wealthiest avoid income tax
by zentiggr on Tuesday June 08, 2021 @11:58AM
(#27436874)
Pretty obvious that insurance companies would make a killing here, providing "asset retention" riders.
You get to declare a reasonable value, and if someone wants to buy, but you're not willing to sell at that time, the insurance company negotiates a substitute payment, and works that cost into your retention rider rate going forward.
You get to declare a reasonable value, and if someone wants to buy, but you're not willing to sell at that time, the insurance company negotiates a substitute payment, and works that cost into your retention rider rate going forward.