BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Tuesday, March 24, 2020

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$297.00
CLE
ALL

This CLE course will guide trusts and estates counsel on critical issues stemming from business interests in estate planning and administration. The panel will discuss considerations for estate planning and administration for business owners, valuation challenges, non-family business interests, succession issues, tax challenges, and other legal and administrative obstacles of business interests in estates and trusts.

Faculty

Robert A. Bryant
Attorney
Giarmarco Mullins & Horton, PC

Mr. Bryant’s primary areas of practice are estate planning, lifetime gifting strategies, trust administration, gift and estate tax returns, business succession planning, IRS tax controversies, eldercare law including Medicaid and Veterans Benefits.

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Rhonda A. Miller
Partner
Dunlop Bennett & Ludwig

Ms. Miller runs the national estate planning and tax department for the global law firm Dunlap, Bennett & Ludwig, PLLC, working out of their Vienna office where she concentrates on sophisticated estate planning including special needs trusts, asset protection trusts, spousal lifetime access trusts, charitable remainder trust, qualified small business trusts and other trust used to minimize or eliminate capital gains and estate tax. In addition, she focuses on administering large and complex estates including litigation with respect to those estates and correcting documents to optimize tax efficiencies. Ms. Miller is highly sought after public speaker. She frequently teaches continuing legal education and is a continuing education sponsor for the Certified Financial Planner Board and insurance agents. Ms. Miller was named Best Attorney by the Wall Street Journal and won Top 50 Women Lawyers in Virginia. She is a member of the bars of the Commonwealth of Virginia, the District of Columbia, and the State of California. Ms. Miller earned her B.A. degree, with honors, from Pennsylvania State University and J.D. degree, with honors, from Loyola Law School in Los Angeles.

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Description

Privately owned business interests can complicate estates requiring attorneys and advisers to consider complex tax laws, family dynamics, and the circumstances of the business and its owners. Estate planners must take measures to minimize income, estate, and gift taxes so that the business interest doesn't create issues for the estate and beneficiaries.

Effective estate planning for business owners maximizes the value of their business, minimizes taxes, and provides for the continuity of business succession. This involves an in-depth understanding of planning methods, legal nuances, and related issues, such as business valuation challenges, the use of buy-sell agreements and trusts, tax considerations in succession planning, lifetime transfers, and other priority items.

Listen as our panel discusses critical issues stemming from business interests in estate planning and administration and offers practical techniques to minimize income, estate, and gift taxes. The panel will also discuss methods to overcome administrative obstacles of business interests in estates and trusts.

Outline

  1. Key planning considerations for business owners
  2. Valuation issues
  3. Challenges of co-owned or non-family business interests
  4. Succession planning
  5. Special tax considerations

Benefits

The panel will review these and other key issues:

  • What are the critical considerations for estate planning for business owners?
  • What are the most common valuation challenges and techniques to overcome them?
  • What are the estate planning and administration challenges for co-owned or non-family business interests?
  • What are the factors to consider in effectively implementing a succession plan?
  • What are the tax challenges and potential pitfalls to avoid?