Join Peter and Steve as they dig into the planning opportunities and pitfalls that have been created by recent changes in the tax, financial, and legal environment for topics such as non-grantor IRRT’s, 1202 and 1045 (QSBS), opportunity zones and funding, bunching of deductions, kid’s education planning (redux), monetization strategies on exits, and much more! They’ll focus on the most practical and relevant topics of conversation for financial advisors, attorneys, CPAs, philanthropic advisors, trust officers and insurance professions to share with clients and prospective clients. Learn and discuss how these changes and opportunities affect your clients and how to explain and implement.

The Qualified Opportunity Zone (“QOZ”) program is a new tax incentive available for individuals and businesses who realize capital gains. Greg and Aman will cover the basic mechanics of the QOZ program as well as advanced techniques you and your clients can use to maximize the available financial and tax benefits. Understand why you might want to form your own Qualified Opportunity Fund; how to minimize out of pocket investment and maximize tax elimination; and how to obtain the tax incentives available under this program while minimizing the necessary amount of investment in an opportunity zone.

Change creates opportunity. With increased exemptions, income tax planning is now the focus for many. Private placement products are gaining a much-needed foothold in the supplemental income market. Lower maximum tax rates for C corporations means utilizing “split-dollar” plans to gain an advantage when securing life and long-term care insurance. Learn what strategies may be the right move in today’s tax environment.

What happens to existing estate plans in a divorce? Can clients create new documents with a divorce pending? What happens if a client does nothing? Join a family law attorney and an estate planning attorney as they navigate topics such as joint ownership, wills vs. trusts, beneficiary designations, ATROs, the intersection of the Probate and Family Codes, and other complexities spouses encounter throughout a divorce.

Wealthy families cannot leave 100% of their estates to their children and grandchildren because the estate and the gift transfer tax system intervene. Kim and Christina will share how gifts of real estate to charitable organizations can enhance what the family receives while benefiting worthy charitable causes in meaningful ways -charitable remainder trusts, tax benefits, partial gifts of real estate, gift acceptance policies, etc.

Join Chris and Scott to dive into this very common example of a baby boomer business owner, “Chuck Barrows,” a lifetime entrepreneur and business owner of a Midwest manufacturing firm. Chuck built the business from the ground up, achieving success and industry notoriety over his 35 years. A true leader and influencer, Chuck is proud to own and operate a $30-million-dollar business with high social capital and an employee culture that produces results. He now must consider how his future exit closes the gap on his current reality.

The case study explores all aspects of exit planning including financial scenarios, business roadblocks, family dynamics, and personal obstacles. A digital copy of Fishing for Value will be released as prereading material to give attendees a chance to read, contemplate scenarios, and conceptualize preliminary assumptions. During this session, Chris and Scott will provide insights while attendees are challenged to understand, explore, prepare, present their findings, and ultimately recommend the best exit option for Chuck.

Joe will facilitate a spirited discussion with three business owners who collectively have considered exiting, transitioning to family and/or key team members, experienced the loss of a loved one, have executed an ESOP that went south and recovered, and changed their mind during the process. Get an invaluable glimpse into what the business owner is thinking and feeling as you approach and work with them for succession planning and post transition financial/life planning.

Join two CPA’s from two different practices as they break down the new Section 199A Qualified Business Income Deduction rules and clear the fog about what it really means for your business clients. Keith and Laura will also discuss the new tax depreciation rules, meals and entertainment deductibility and the next big bang, QSBS (Qualified Small Business Stock). Understand these new rules and the potential benefits they can provide for new and pre-existing businesses, large and small.

A closely-held business’ long-term success requires careful planning and the ability to adjust to both expected and unexpected events. Owners often believe all is in order, only to later find that transition plans failed to thoroughly address owner disability. In today’s reality, disability is three times more likely than death to affect one’s ability to function in business. Join Sharon and Ann to discuss continuity planning for disability and the role of the professional trustee in better assuring balancing of interests and better business transition.