BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    Live Online with Live Q&A

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Tuesday, May 6, 2025

  • 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.

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$297.00

This CLE/CPE webinar 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, key provisions for buy-sell agreements, valuation challenges, non-family business interests, tax challenges, and other legal and administrative obstacles of business interests in estates and trusts.

Faculty

Chelsea J. Suttmann
Barulich Dugoni & Suttmann Law Group, Inc

Ms. Suttmann is a Shareholder and Managing Director at Barulich Dugoni Suttmann & Cummins Law Group, Inc. She has been certified by the State Bar of California Board of Legal Specialization as a specialist in estate planning, trust and probate law. Ms. Suttmann's law practice focuses primarily on estate planning, trust and probate law, estate and gift taxation, and business formation, maintenance, and succession for family-owned businesses. Her family background includes several generations of small business owners and entrepreneurs, encouraging her to specialize in advising and counseling family business owners on estate planning, business succession planning, and business formation and maintenance matters. Ms. Suttmann also provides counsel to high-net-worth individuals and families regarding lifetime and post-death gifting, estate tax considerations, and asset protection strategies. She lectures on various topics, including estate planning, estates and trusts, and estate and gift taxation.

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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?

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Recognize key income, estate, and gift tax planning considerations for business owners
  • Understand the impact of the valuation of certain assets in gift and estate tax planning
  • Identify key tax issues for transferring or gifting co-owned or non-family business interests
  • Ascertain available tax strategies for business succession planning for shareholders

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).