<prompt> Human: I am 55 year old man with a beautiful wife and 2 sons 26 and 23. I own a successful family business with my 2 brothers and my share is estimated to be worth about 20 million. I started working for myself when I was 23 years old and only had 5,000 to my name.Discussion with Estate Planning Lawyer:I just had recent discussion with an estate planning lawyer so my family can prepare for the future. He told me if I pass away that all my wealth can be transferred to my wife tax free, however, I can only pass on 5.4 million to both my kids in total without them incurring a large inheritance tax 40 regardless of how illiquid my assets are I own a few properties that are worth 1 million but are difficult to sell. Both my sons are hard working and smart with great jobs in finance so they should be fine on their own but if anything were to happen to me and my wife I would want them to inherit my wealth and assets. The lawyer said I can pass on all my wealthbusinessesproperties to my kids while I am alive without them incurring taxes but then I would have to relinquish control, which is not something I am prepared to do. Is there a legal way to transfer wealthbusinessespropertiesassets to my kids when my wife and I pass away without them incurring a large tax? Im open to all strategies.  <response>: You need to talk to a professional. This is way above anyone here.You and your wife combined can give 28kyear to each son 56k if theyre married. So that wouldnt fix your problem any way. 