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Today's Act Trust and Estate Talk is focused on the importance of properly drafting sale agreements to avoid IRS challenges when transferring closely held business interests. The guest speaker, Steve Goran from St. Louis, explains that accurately determining the value of a business being transferred for estate planning can be challenging. By crafting detailed sale agreements, potential disagreements over the purchase price can be minimized, protecting both the business owner and the trust. This expert advice is part of a series by the American College of Trust and Estate Council, offering valuable insights to trust and estate professionals worldwide.
