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EST2327
Fending off the Forced Sale: How to Weave, Bob, Hop, Skip, and Jump When Planning for and Administering an Estate with Illiquid Assets
Date
June 8, 2023
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: Advanced Estate Planning (as part of AICPA & CIMA ENGAGE 2023)
This includes sessions from AICPA & CIMA ENGAGE 2023:
Whether it is an interest in a closely held business, farm land, artwork, or any other asset not easily convertible to cash, an illiquid asset creates a unique set of challenges for the estate planning community. This presentation will address the planning considerations and estate administration realities of dealing with illiquid assets. Special focus will be given to the opportunities and challenges presented in taxable estates with illiquid assets, including planning for and seeking deferral of the estate tax liability under IRC section 6166; electing to value certain farm property using special use valuation; and generating liquidity to cover the estate tax.
Learning Objectives
- Identify the opportunity and risks in estate planning and administration in dealing with illiquid assets.
- Assess the appropriate planning techniques available to clients with illiquid assets.
Speaker
Attorney, McGuireWoods LLP
Session Categories
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