CLE on Transferring Family Business Interests

The ABA Section of Real Property, Trust and Estate Law is sponsoring a teleconference and live audio webcast entitled How to Give Away the Store: Lifetime Transfers of Family Business Interests on October 5, 2010. The program description is below:

During this presentation our panelists will address:

• The Pros and cons of gifts of family business interests qualifying for the gift tax annual exclusion, gifts sheltered by the applicable exclusion amount and taxable gifts;
• Application of gift tax Statute of Limitations to lifetime gifts of family business interests;
• Valuation issues associated with lifetime gifts of family business interests; and
• Use of GRATs, sales to intentionally defective grantor trusts, private annuities and SCINs to transfer family business interests.