Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), Wilmington Trust Asset Management, LLC (WTAM), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation’s international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank. Member, FDIC.

M&T Bank Corporation’s European subsidiaries (Wilmington Trust (UK) Limited, Wilmington Trust (London) Limited, Wilmington Trust SP Services (London) Limited, Wilmington Trust SP Services (Dublin) Limited, Wilmington Trust SP Services (Frankfurt) GmbH and Wilmington Trust SAS) provide international corporate and institutional services.

WTIA, WFMC, WTAM, and WTIM are investment advisors registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, WTAM, and WTIM is also available on the SEC's website at adviserinfo.sec.gov.

Private Banking is the marketing name for an offering of M&T Bank deposit and loan products and services. Custom credit advisors are M&T Bank employees. Loans, retail and business deposits, and other personal and business banking services and products are offered by M&T Bank Equal Housing Lender. Bank NMLS #381076. Member FDIC.

Investment and Insurance Products • Are NOT Deposits • Are NOT FDIC Insured • Are NOT Insured By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Investing involves risks and you may incur a profit or a loss. Past performance cannot guarantee future results. This material is provided for informational purposes only and is not intended as an offer or solicitation for the sale of any security or service. It is not designed or intended to provide financial, tax, legal, accounting, or other professional advice since such advice always requires consideration of individual circumstances. There is no assurance that any investment, financial or estate planning strategy will be successful.

Wilmington Trust

A Business Succession Planning Case Study

Hypothetical client scenario for illustrative purposes only.

Getting in front of estate taxes

Bob is a family business owner who was concerned about the bite that estate taxes would take out of the wealth he wanted to leave to his children.

Consider This

One strategy that Bob might want to consider to mitigate estate taxes is to transfer shares to his children during his lifetime.

He understood the strategy but his main concern was living well in retirement, and he did not want to risk that by giving away property to his kids now. However, Bob was open to running some financial projections to get a better idea of how much of an impact transferring shares would have.

Consider This

Our analysis showed that he could afford to give away a meaningful amount and still have the lifestyle he wanted in retirement.

Once Bob saw the projections, he spoke to his attorney about placing some of his non-voting shares in a trust for his children. His other advisors agreed that this made sense and put the plan in place. Today, the business continues to thrive and recently underwent a major liquidity event. Due to Bob's early planning, the family was able to mitigate a meaningful amount of estate taxes.

To learn more about how we can help you reach your goals, take a look at our Succession Planning Process.

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