Description
Register now to learn about planning strategies and documents needed for closely held business estate planning issues so you can provide reasoned recommendations to your clients.
Designed For
- CPAs and financial planners with basic knowledge of personal financial planning and an interest in estate planning.
Objectives
- Identify a method for valuing certain qualified real property.
- Recall the requirements for real property to qualify under IRC Section 2032A.
- Select an activity that qualifies an individual as materially participating.
- Identify a contractual obligation that restricts business owners from freely transferring their ownership interests in a closely held business.
- Recall a business continuation strategy that will benefit a closely held family business upon the loss of a person whose contributions are critical to the business.
- Recognize the type of buy-sell agreement that is funded with insurance contracts.
Highlights
- Closely held business estate planning issues
- Special use valuation under IRC Section 2032A
- Special rules for surviving spouses
- Definition of a qualified heir
- What constitutes a taxable event
- Family succession planning
- Familial disputes
- Buy-sell agreements