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About the Teleseminar
Gifting interests in closely held businesses and appreciated real estate, often held in a partnership or LLC, is one of the primary mechanisms for transferring property. The transfers are made appealing from a tax perspective by applying various discounts, including for the illiquidity of the property and for transferring only a minority stake in the company or real estate, to the taxable value of the transfer. But the IRS has grown increasingly aggressive in challenging these discounted valuations as not market-based. This program will provide you with a practical guide to advanced gifting techniques for interests in LLCs, partnerships and S Corps, discount planning, spotting red flags that might trigger IRS challenge and planning to reduce that risk.
- Advanced gift planning techniques for partnerships, LLCs and S Corp interests
- Gifting interests in closely-held companies, real estate, and other ill-liquid assets
- Red flags in planning for minority interest discounts
- Family business issues, including gifting of non-voting interests and maintenance of formalities
- Key considerations in using FLPs v. irrevocable trusts
About the Speakers
Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families. A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine. Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.
David T. Leibell is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where he has an extensive estate, trust and charitable giving practice. He previously worked in the financial services industry, specializing in the financial aspects of estate planning. Mr. Leibell is a frequent lecturer on fiduciary topics throughout the United States, and has authored many articles on charitable, estate and tax planning topics. He is the author of a monthly column in “Trusts & Estates” magazine. He also authors a column for “Registered Representative Magazine.” Mr. Leibell received his B.A. from Trinity College and his J.D. from Fordham Law School.
Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to1.0 Estate Planning & Probate Law Specialty Credit Hour. (Tentative)