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Common Estate and Gift Tax Issues: Illiquidity, Pass-Through Entity Transfers, Beneficiary Designations, Donations

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, May 6, 2025

Recorded event now available

or call 1-800-926-7926

This webinar will point out frequently encountered problems in administering estate plans. Our panel of astute trust and estate advisers will discuss steps to take to avoid issues that can wreak havoc on carefully laid estate plans.

Description

Avoiding common estate and gift tax issues is critical to existing estate plans. TOD (transfer on death) and POD (paid on death) designations on bank accounts can simplify the transfer of bank accounts to beneficiaries. These designations also take precedence over the will and must be carefully considered. Also troubling is the impact of beneficiary designations on the transfer of retirement accounts. Recent changes made by the SECURE Act 2.0 created new requirements for the distribution of inherited assets.

Business owners must adequately prepare for the transfer of pass-through entity interests. The type of income generated by the business could change from active to passive, for example, once ownership passes to an estate. Additionally, without pre-planning, a business' Subchapter S status could be jeopardized by the death of a shareholder.

Listen as our panel of experienced estate attorneys emphasizes the importance of planning to avoid problematic gift and estate tax issues.

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Outline

  1. Common estate and gift tax issues: introduction
  2. Beneficiary designations
  3. Inherited retirement accounts
  4. Flow-through entity succession planning
  5. Charitable deductions
  6. Illiquidity
  7. Other considerations

Benefits

The panel will cover these and other critical issues:

  • How to avoid termination of Subchapter S status after the death of a shareholder
  • Planning for and identifying a potentially illiquid estate
  • How beneficiary designations can facilitate or jeopardize an estate plan
  • The requirements for deducting a charitable contribution made by an estate

Faculty

Jackson, Donna
Donna J. Jackson
Attorney
Donna J. Jackson & Associates

Ms. Jackson's practice focuses on estate planning, trusts and estates, wills, and probate law. She is a member of...  |  Read More

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