Overview
Many estate planners who are asked about family limited partnerships or family limited liability companies do not understand the reasons for forming these entities in the planning process. They also are not clear on what is the current status of statutory and case law concerning the continued use of these entities. This OnDemand Webinar will help you learn to identify when the use of this entity for a particular client situation is warranted and what steps to take to maintain or correct an existing family entity to comply with recent changes in the law. This program will also explain the various valuation issues for gift and estate tax purposes, and asset protection benefits with the use of these entities. Family limited partnerships and family limited liability companies have come under recent scrutiny and attack by the IRS. Failure to properly create or maintain these entities can result in significant tax losses. Failure to consider the use of these entities can result in significant lost tax savings and other nontax benefits. This OnDemand Webinar is critical to ensure your continued use of family limited partnerships and family limited liability companies meets new tax and legal requirements.
Authors
Marla M. Castner, CPA, Moss Adams LLP
Self Study Credit - OnDemand Webinar
| CLE | 1.5 | AZ, CA, DE, ID, IL, KY, ME, MS, MT, NC, OH, PA, SC, TX, UT, VA, VT, WA, WI, WY | |
| CLE | 1.51 | LA | |
| CLE | 1.6 | GA | |
| CLE | 1.8 | WV | |
| CLE | 2 | CO, FL, OK | |
Self Study Credit - CD & Reference Manual
| CLE | 1.5 | AZ, CA, GA, TX, UT | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | CO, FL | Tax 2; Business Litigation 1.5; Wills, Trusts, and Estates 1.5 |
Self Study Credit - Podcast
| CLE | 1.5 | CA, ME, MT, NV, TX | |
| CLE | 1.8 | MO, WV | |
| CLE | 2 | FL | |
Agenda
Benefits of Using FLPs and LLCs
Choice of Family Business Entity for Estate Planning Purposes
Planning Issues
Recent Cases Affecting FLPs and LLCs
Formation and Maintaining the Entity Issues
Valuation Issues
Asset Protection Issues
Recently Released IRS Settlement Guidelines
Repair or Dissolve Existing FLPs
