ESOP Transactions in Estate Planning: Income and Transfer Taxes, Considerations for Closely-Held Business Owners

A live 90-minute CLE/CPE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, October 13, 2022 (in 7 days)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 6/14/2022!)

or call 1-800-926-7926

This CLE/CPE course will provide guidance to estate planners on utilizing employee stock ownership plan (ESOP) transactions for business succession planning and minimizing estate, gift, and generation-skipping transfer taxes. The panel will discuss the basics of ESOP structures and transactions, income and transfer tax considerations, key estate planning opportunities, utilizing trusts, life insurance, and other planning tools in the ESOP transaction setting.

Description

For closely-held business owners, the use of ESOPs can achieve their business succession and estate planning objectives. Estate planners must understand the basics of ESOP structures and the challenges involving the use of ESOP transactions for estate planning.

Generally, an ESOP allows business owners to reach their retirement goals, reward employees, and provide incentive programs to retain and attract executives. However, those wanting to sell their interests must consider the impact of an ESOP transaction on their current estate plan and what transfer strategies are available to minimize estate, gift, and generation-skipping transfer taxes.

Estate planners must recognize situations where the use of an ESOP may be an appropriate business succession tool. They must understand key estate planning and other considerations for the selling shareholders and the company, as well as fiduciary implications of employee ownership.

Listen as our panel discusses the basics of ESOP structures and transactions, income and transfer tax considerations, key estate planning opportunities, and how to utilize trusts, life insurance, and other planning tools in the ESOP transaction setting.

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Outline

  1. Overview of ESOPs
  2. ESOPs for business succession
  3. ESOP transactions and estate planning
  4. Minimizing taxes
  5. Best practices for trusts and estates counsel

Benefits

The panel will discuss these and other key issues:

  • ESOP basics and structure, as well as key issues for business succession and estate planning
  • Mechanisms for utilizing ESOP transactions in estate planning
  • Key considerations in using trusts, gifting, and other strategies for incorporating ESOP transactions in an estate plan
  • Effectively minimizing income and transfer taxes

Faculty

Lobb, Mark
Mark Lobb

Partner
Lobb & Plewe

Mr. Lobb is the head of the Private Clients Group at Lobb & Plewe, which provides legal services for high-net-worth...  |  Read More

Ray, Jason
Jason C. Ray

Senior Attorney
Morgan, Lewis & Bockius

Mr. Ray advises employers on the design, implementation, and regulatory compliance of tax-qualified and nonqualified...  |  Read More

Attend on October 13

See NASBA details.

Cannot Attend October 13?

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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