Advanced Income and Estate Tax Planning Techniques for Owners of Closely Held Businesses

Recording of a 90-minute CLE/CPE video webinar with Q&A

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Conducted on Thursday, November 17, 2022

Recorded event now available

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Course Materials

This CLE course will provide trusts and estates attorneys with an in-depth analysis of advanced income and estate tax planning strategies for owners of closely held businesses under current tax law and in light of proposed tax law changes. The panel will discuss techniques utilizing GRATs, sales to grantor trusts, buy-sell agreements, and ways to avoid tax issues in business succession planning and other vital items.

Description

Estate planning for owners of closely held businesses requires sophisticated expertise to avoid unintended consequences. Trusts and estates counsel must consider various tax and non-tax issues and implement strategies to transfer assets effectively to successor generations.

The death of a closely held business owner can have significant estate and gift tax consequences, which can be mitigated with lifetime and post-mortem estate planning techniques primarily for owners of interests in closely held businesses. This requires estate planners to consider various buy-sell agreements, gift and estate tax rules, GRATs and other trusts, and special considerations when using LLCs and FLPs.

Also, estate planners must manage challenges from the valuation of business interests and assets to the use of recapitalization and rules applicable to S corporations.

Listen as our panel discusses advanced income and estate tax planning strategies for owners of closely held businesses under current tax law and in light of proposed tax law changes. The panel will also offer techniques for utilizing GRATs, sales to grantor trusts, buy-sell agreements, and ways to avoid tax issues in business succession planning.

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Outline

  1. Key considerations under current tax law
  2. Challenges stemming from proposed tax law changes
  3. Buy-sell agreements
  4. Transfers of business interests
  5. Trusts
  6. FLPs and LLCs

Benefits

The panel will review these and other key issues:

  • What are the challenges and available planning techniques for owners of closely held businesses under current tax law?
  • What issues arise in light of proposed tax law changes?
  • What are the benefits and critical considerations for drafting buy-sell agreements?
  • What planning techniques are available for lifetime transfers of business interests?
  • What are the considerations, available methods, and obstacles when utilizing trusts?
  • What are the advantages and key issues of using FLPs and LLCs in estate planning?

Faculty

Capdevielle, Cliff
Cliff Capdevielle
Director, Trusts and Estates Tax Services
MOBO Law

Mr. Capdevielle helps clients navigate the complex opportunities related to tax planning, business succession planning,...  |  Read More

Cohen-Kurzrock, Benjamin
Benjamin A. Cohen-Kurzrock, JD, CPA
Attorney
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian

Mr. Cohen-Kurzrock is a corporate and securities associate in the San Diego office.

 |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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