The purpose of this assignment is to identify appropriate gifting techniques or vehicles to achieve the client’s goals and objectives.
Bobby (yes, the same Bobby from last week!) is now a widower. Carla’s yoga business went half to him and the other half was evenly split between their three children. Bobby has no interest in running a yoga studio and most of the children feel the same way.
Tiffanee, his youngest, was also a teacher at the yoga studio and wants to make some changes, however. She wants to add a hot yoga room and an outdoor garden area for moonlight yoga sessions. Tiffanee is getting frustrated in the process because she must get all other owners to agree to any changes in the business.
What are some of the options that Tiffanee might use to make running the business more efficient? Try to keep the focus on options we have covered, but feel free to share any additional suggestions you might have based on your own experiences. Have fun with this.
evaluated based on the connections you make between Tiffanee’s situation and the options she has in terms of gifting assets.
helpful videos- https://www.youtube.com/watch?v=zLTMjXQf-nk
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