Estate Planning: Business Issues

Description

In estate planning, business ownership presents unique challenges, particularly for closely held businesses. This course provides participants with in-depth knowledge and strategies to effectively address the estate planning needs of business owners. It covers critical concepts such as buy-sell agreements, family limited partnerships (FLPs), and valuation discounts. Through these tools, participants will gain the ability to guide clients in minimizing tax exposure and ensuring smooth business succession.

The course also dives into tax implications, estate freezes, and stock redemptions under Section 303, equipping participants with practical solutions to optimize business transfer strategies.

Highlights

• Buy-sell agreements
• Family limited partnerships (FLPs)
• Estate freezes
• Valuation discounts
• Section 303 stock redemptions
• IRC Sections 2031, 207-2704
• Accumulated earnings tax
• Business succession strategies 

Objectives

• Identify estate planning issues relevant to closely held business owners.
• Utilize buy-sell agreements for effective business succession planning.
• Assess tax and non-tax benefits of family limited partnerships (FLPs).
• Implement estate freezes and valuation discounts in business estate plans.
• Navigate Section 303 stock redemption rules and accumulated earnings tax.
• Apply valuation rules under IRC Section 2031 and leveraging Sections 2701-2704.
• Identify and mitigate potential pitfalls in discounted asset values when planning business estates.
• Develop strategies to enhance business succession and transfer outcomes for estate planning clients.

Designed For

CPAs, EAs, attorneys, financial planners, insurance professionals, and bankers