Estate Planning with

Business Issues

Course Description:

Practitioners are brought up-to-date on tax issues affecting estate planning and business issues. A major emphasis of this mini-course is practical estate planning solutions that are cost-effective. Devised to reduce or eliminate estate problems and death taxes, this comprehensive guide examines wills, trusts, gifts, insurance, private annuities, and other general estate planning tools. The planning issues and problems that arise from owning a business interest are also addressed.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Identify the impact of stepped-up basis as they affect survivors and heirs, and recognize the benefits of establishing even a simple will and its control over certain assets.
• Specify the primary ways to dispose of assets using a variety of trust formats.
• Recognize the impact and use of family documents such as powers of attorney and identify the starting point used to value a business’s tangible assets, citing the R.R. 59-60 business valuation factors.
• Specify the ways to redeem a deceased shareholder’s stock through §303 and buy/sell agreements.
• Recognize lifetime dispositions such as gifts in transferring business ownership and identify when to recommend the option of paying federal estate taxes in installments.