S Corp Issues for Trusts and Estates: Qualified Shareholders, Key Tax Rules, Multiple Trusts, QSST, ESBT
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide trusts and estates counsel guidance on critical issues relating to S corporations in estate planning. The panel will discuss principal tax rules relating to S corporations that significantly impact estate planning and offer techniques for the use of multiple grantor trusts, S corp trusts, and other items to avoid unintended tax liability.
Outline
- Qualified shareholders and eligibility rules for S corps
- Challenges of S corp ownership interests in estate planning
- Evaluating current S corporation trust structures to see if they still achieve optimal tax benefits
- Application of Section 199A and the 20% deduction on qualified pass-through business income
- Transfers of S corp interests
- Navigating reporting and administrative issues
Benefits
The panel will review these and other key issues:
- Critical guidance on qualified shareholders of S corporations for trusts and estates counsel
- Principal challenges of S corp ownership interests in estate planning and methods to overcome them
- Identifying issues in current S corporation trust structures and making modifications for optimal tax benefits
- The application of the 20% deduction on qualified pass-through business income
- Current differences in tax treatment between an ESBT and a QSST holding S corporation stock
- Essential considerations for transfers of S corporation interests
Faculty
Stefania L. Bartlett
Counsel
Cummings & Lockwood
Ms. Bartlett is Counsel in Cummings & Lockwood's Private Clients Group and is based in the Stamford office. She... | Read More
Ms. Bartlett is Counsel in Cummings & Lockwood's Private Clients Group and is based in the Stamford office. She represents individuals and families in developing comprehensive estate plans, and advises clients on tax and charitable planning. Ms. Bartlett has experience with estate settlement and trust administration, and represents both beneficiaries and fiduciaries. She represents charitable entities, assisting with their formation, obtaining and maintaining tax-exempt status, and providing advice on administration with respect to grant making, investments and other charitable activities. Ms. Bartlett also assists individuals in creating charitable giving plans, including advising on gift agreements and split interest trusts. She is member of the Firm’s National Charitable Planning Group.
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Cara Howe Santoro
Attorney
Cummings & Lockwood
Ms. Santoro focuses her practice on advising businesses, nonprofit organizations, and individuals on a variety of... | Read More
Ms. Santoro focuses her practice on advising businesses, nonprofit organizations, and individuals on a variety of domestic and international tax matters, and counseling nonprofit entities on issues related to their tax-exempt status, including formation, governance, compliance, restructuring, lobbying, international grant making and unrelated income. She also assists corporations in various tax matters including executive compensation, qualified benefit plans, regulatory compliance and tax planning in both the individual and corporate context.
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