Estate Planning with Business Issues 2025 - 2 CPE

Practitioners are brought up-to-date information 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.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

Field of Study: Taxes

Prerequisite: General understanding of federal income taxation.

Advanced Preparation: None

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

* Unlimited marital deduction

* Simple will

* Types of trusts

* Charitable trusts

* Family documents

* Private annuities

* Business valuation

* Redemptions

* Lifetime dispositions

* Installment payment of federal estate taxes

Learning Objectives

After reading the materials, participants will be able to:

1. 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.

2. Specify the primary ways to dispose of assets using a variety of trust formats.

3. Recognize the impact and use of family documents such as powers of attorney and identify starting point used to value a business’s tangible assets citing the R.R. 59-60 business valuation factors.

4. Specify the ways to redeem a deceased shareholder’s stock through §303 and buy/sell agreements.

5. Recognize lifetime dispositions such as gifts in transferring business ownership and identify when to recommend the option of paying federal estate taxes in installments.

After studying the materials, answer exam questions 1 to 10.

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