Surgent's Adv Estate-Planning & Valuation Issues for the Closely Held Bus

 

   

 

 
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Overview

10.0 Credits

The purpose of this course is to enable the CPA to advise the closely held business owner on special estate-planning problems and opportunities. The focus of this course is on the transfer of wealth, liquidity, and business continuation.

Objectives

  • Use gift strategies, sales techniques, and recapitalizations to transfer the closely held business interest to family members in a transfer-tax efficient manner
  • Value the closely held business interest for gift and estate tax purposes, including consideration of factors as minority and marketability discounts
  • Identify the advantages and disadvantages of special use valuation under 2032A
  • Choose and implement the buy-sell agreements for corporations, partnerships, and LLCs that best address income and transfer tax planning issues
  • Identify and resolve tax issues affecting the disposition and distribution of partnership and LLC interests as well as family limited partnerships

Major Topics

  • Transferring the closely held business interest to family members -- Gift strategies, sales techniques, and recapitalizations
  • Lowering gift tax costs by use of GRATs and GRUTs
  • A comprehensive income and estate tax analysis in choosing and implementing buy-sell agreements for corporations, partnerships, and LLCs
  • Use of family partnerships and family S corporations, including gift tax ideas and income tax planning
  • Limitations on the ability to freeze the value of a closely held business
  • How to value the closely held business for gift and estate tax purposes, including minority and marketability discounts
  • Special valuation issues for real estate and farms under 2032A
  • Tax issues affecting the disposition and distribution of partnership and LLC interests

Designed For

CPAs practicing in the closely held business market where the key issues center on estate tax minimization, liquidity facilitation, and entity continuation.
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