“do your financial planning assuming this equity ends up being worthless” Most important part. It’s a nifty mechanism to avoid the upfront tax burden but you’r

“do your financial planning assuming this equity ends up being worthless” Most important part. It’s a nifty mechanism to avoid the upfront tax burden but you’re partaking in a significant gamble with your money nonetheless. Would highly suggest anyone pursuing this only do so given the money they are spending can be easily thrown away without any impact to long-term financial goals.