Winery: Estate Planning and Succession Issues

I am an internationally published tax author, 15 books, and 21 articles. Previously I wrote a book on Tax Planning for US/CA Wine Exports, which described a tax strategy to save 25-50% of federal income taxes on export wine sales.

In the course of my research, I learned that many wineries are family owned businesses and have generic income, estate and gift tax planning/family succession issues:

1) Payment of federal estate tax (40%) on estates over $5.45m (husband and wife $10.9m)/2016 tax rate;

2) Income taxes due on the death of the winery founder/owner;

3) Succession Planning for management (i.e. family and/or others);

4) Actual or contingent liability for lawsuits and tax audits (whether
ongoing or imminent).

A smooth transition from the first generation owner to their heirs requires careful tax planning strategy and due to the proliferation of lawsuits in California (1.1m lawsuits filed yearly) a coordinated Asset Protection Strategy.

If you would have questions relating to these tax (and other issues) I am available to consult with you and will waive my $5k consultation fee for a telephonic or personal meeting. Please send me an e-mail with your tax issues (you may do so at your election on a no-names basis) and if I can help you I will respond and schedule a consultation.

I look forward to hearing from you.


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