Utilizing Freeze Partnerships to Minimize Estate Tax: Meeting Section 2701 Requirements
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will explain how preferred partnership freezes can minimize estate taxes for high net worth individuals and closely held businesses. Our panel of wealth transfer experts will identify ideal situations for freeze partnerships, review the mechanics of establishing these partnerships, provide comprehensive examples, and point out caveats to avoid.
Outline
- Preferred partnership freezes
- Estate tax benefits
- Ideal situations for partnership freezes
- Meeting Section 2701 requirements
- The mechanics
- Caveats
- Examples
- Other considerations
Benefits
The panel will cover these and other critical issues:
- How preferred partnership freezes mitigate estate tax
- Identifying ideal assets and estates for freeze partnerships
- Meeting IRC Section 2701 requirements
- Caveats to avoid when structuring and maintaining freeze partnerships
Faculty
Lawrence M. Lipoff, CPA, TEP
Director
CohnReznick
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private... | Read More
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private client services to enable high-net-worth individuals and families to maximize their new or generational wealth. He provides strategic advice to his clients and their closely held businesses in the areas of income tax planning and compliance, estate planning and administration services, as well as family structure consulting. Through many years in practice, he synthesized the work of various related professionals, and their firms integrate several planning strategies into solutions that maximize value. Mr. Lipoff is a frequent lecturer and author of articles published through professional forums on topics including domestic and international - estate planning and fiduciary income taxation including constructive attribution rules for foreign trusts, Forms 3520 & 3520-A, Graegin Loans, business succession, generation-skipping transfers, Chapter 14 and carried interest estate planning for private investment fund principals, preferred freeze partnerships, and private placement life insurance.
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Matthew J. Radford, CPA
Founder
Radford Advisory
Mr. Radford has focused his practice on the development and implementation of business succession and wealth... | Read More
Mr. Radford has focused his practice on the development and implementation of business succession and wealth transfer strategies for closely-held businesses and their owners that are mindful of the impact that income and various transfer taxes that may be imposed. He works closely with his client’s other professional advisors to tailor and then implement plans that accomplish the business objectives while also minimizing the tax burdens. Through his nearly 18 years of diversified public accounting experience, Mr. Radford has worked extensively with clients operating in numerous industries; however, he has focused most closely on clients with ties to the commercial real estate industry. Given this concentration, he’s developed a knowledge of the Chapter 14 special valuation rules and the planning opportunities that they present to the owners of closely-held businesses, as well as the opportunities and pitfalls inherent within Subchapter K. he utilizes this knowledge base to create and then implement succession and wealth transfer plans that address the owner’s goals in a tax-efficient manner.
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