Wealth Planning and Business Entities - What's in our toolbelt?
An overview of planning with LLCs and S corporations for family businesses and other closely held entities. The discussion will include using life insurance to fund purchases of interests at death and disability, creating entities to hold interests in a single large family asset and using trusts as members, creating cash flow streams for its owners and using partnership freezes as a planning tool.
The course level is an intermediate level. The learning objectives for the presentation are to gain a better understanding of using life insurance for planning with closely held business and the options available in planning for other assets that will achieve both estate tax benefits and generate cash flow to owners.