Survey: Five methods for reducing estate taxes and the percentage of entrepreneurs who have chosen each.
Entrepreneurs who have implemented a plan to reduce estate taxes have chosen the following methods:
Lifetime gifting (ofbusiness shares) 42%
Joint asset purchase 25
Employee stock ownership plan 20
Grantor retained income trust 10
Going public 3
Source: "Pulse of the Middle Market 1989" survey of 1,873 active owners of businesses with revenues form $2 million to $100 million, BDO Seidman, New York City