April 20, 2022 / Press
Robert Strauss Quoted in Business Insider Article Examining Strategic Use of Loans to Pay Estate Taxes
Robert Strauss was recently featured in the Insider article, “The ultrawealthy can take loans to save millions on estate taxes. Here’s the exclusive tactic they deploy to protect their inheritance.”
The article examines strategies employed by the ultrawealthy to pay hefty estate taxes when an estate’s assets are not immediately liquid. Graegin loans are one such option, though these loans are considered unusual and can draw scrutiny from the IRS.
According to Rob, the use of such loans could actually lead to savings on estate taxes. He notes that with valuation discounts, a married couple could conceivably pass on $36 million in assets without paying federal estate tax. However, Rob also shares that “this is a wealthy person’s playground problem,” and that the 2026 sunset on the current high threshold for federal gift and estate taxes as well as any changes in administration could affect this strategy in the future.