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Death and Taxes: A New Take on an Old Problem

Death and Taxes: A New Take on an Old Problem
The word "Taxes" is seen on the IRS building in Washington on April 5, 2022. Stefani Reynolds/AFP via Getty Images
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Commentary

Death and taxes. They are often called the only two certainties in life. Yet for countless family-held businesses, these inevitabilities collide when the owner passes away. There are millions of family-held businesses across this country. Many are at risk: When transferring ownership from one generation to the next, financial obligations often threaten the family business’s very existence.

Robert Mancuso
Robert Mancuso
Author
Robert F. Mancuso was the first president and CEO of Merrill Lynch Capital Partners, the private equity arm of Merrill, and was an attorney with the Securities and Exchange Commission earlier in his career. He is the founder of White Knight Capital, which through its Capri Capital Partners Fund focuses exclusively on helping mid-sized family held businesses preserve their legacies.