09 October 2024

As the sunset of the Tax Cuts and Jobs Act approaches, the time for planning before gift and generation-skipping transfer tax exemptions are cut in half is now. For fund managers, a carried interest can be an ideal asset for intergenerational wealth transfers due to the low valuations supportable in the early stages of an investment fund. However, taxpayers and their advisors must be particularly careful to avoid the often less apparent hazards when transferring these interests.

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