In this CPE course, you will learn about planning strategies and documents related to closely held business estate planning issues. Owners of closely held businesses have unique estate planning considerations that should be addressed by the personal financial planner. Special use valuations for real property used in a farm or closely held business, family succession planning, business continuation agreements, and buy-sell agreements are all specialized knowledge areas you will learn in this course.
For families of wealth, the continuity of the closely held family business is critical because it is the central locus for income and services provided to the family. To prevent familial disputes and to ensure continuity of the business, continuation agreements should be considered. Many continuation agreements contain provisions for the orderly transfer of ownership interests at disability, retirement, or death. As the personal financial planner, you should have a working knowledge of these agreements, so you can provide reasoned recommendations to your clients.
Delivery Method: Self Study
CPE Credit: Specialized knowledge
Program Level: Intermediate