Averting a Family Crisis

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Fri, 02/10/2012


Craig W. Tower CFP®

Jim and Carol looked tanned and healthy. I felt a twinge of envy as I glanced out the window at

yet another snowy day.


They were home from Florida for the weekend to celebrate the christening

of their latest grandchild. I was pleased to report that their portfolio looked as healthy as they did.


“That’s always good news!” Jim laughed, “But, we have actually come to discuss something

else. As you know, we have a condo that has been rented out for many years. The tenants are

moving out and we have decided to sell the property. We would like to gift the proceeds to our

favorite children’s charity but there are a couple of problems. The property has appreciated in

value so much since we bought it that we are going to be whacked with capital gains taxes.

Secondly, my oldest son does not approve.” To read more, click on attachment below.


averting_a_family_crisis .pdf64.36 KB