April 9, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
One of the most difficult cases for a planner is helping a client preserve family farms or ranches intact and in family control while funding often substantial tax liabilities. Land is distinctly illiquid and clients often resist the necessity of selling off part of the property to pay taxes. But there alternatives short of land sales to obtain liquidity, reduce taxes, and ensure continuing family control. Among other planning alternatives, conservation easements are an effective technique for reducing taxes and the need for substantial immediate liquidity, thereby fostering family control. This program will provide you with a practical guide to estate and succession planning alternatives for family farms and ranches, including the use of conservation easements, advanced gifting techniques, estate freezes and more.
Ronald A. Levitt, Sirote & Permutt, P.C., Alabama
Renee M. Gabbard, Bryan Cave, LLP, California