Transfer of ownership was
structUred carefully to minimize es-
tate taxes. Frieda and her husband
used their one-time estate tax ex-
emption to give $1.2 million worth
of the company to their daughters,
and they financed the balance with
a I0-year, low-interest loan.
The owners effected a success-
ful transition by avoiding dangerous
pitfalls in both leadership and own-
ership areas. In the intervening 14