Continuing Legal Education

TELESEMINAR: Planning with Family Limited Partnerships/Family LLCs, Part 2 – A National Perspective

October 16, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours

Telephone

Family Limited Partnerships and Family LLCs are among the most effective planning tools for transferring family businesses from generation to generation while reducing federal estate and gift taxes. Among the many keys to successfully using FLPs is transferring control and obtaining a correspondingly steep discount on the valuation of the company. But the IRS frequently and aggressively challenges the use of FLPs and their valuations, which have made their use fraught with more risk. Led by two of the nation’s foremost experts on FLPs/FLLCs, this program will provide you with a practical guide to sophisticated planning techniques using these vehicles, structuring and drafting tips, a real world assessment of the risks involved, and recent trends in audits of FLPs. Part 2 of 2.

Highlights:

  • FLP planning to reduce GST
  • Post-mortem planning, including “note-freeze” partnerships
  • Issues on exiting/terminating FLPs
  • Best practices on advising clients on formation of FLP/FLLCs

 

For more information about ISBA's Teleseminar programs, please visit: http://www.isba.org/cle/teleseminar

Program Speakers:
S. Stacy Eastland
, Goldman Sachs & Co., Chicago
Stephen T. Dyer, Baker Botts, LLP, Houston

 

S. Stacy Eastland is managing director of Goldman Sachs & Co. and widely recognized as one of the nation’s leading authorities on estate planning for family businesses. He advises clients and their advisers on strategic wealth management plans, combining a variety of federal income tax, estate planning and gifting techniques.  Prior to joining Goldman Sachs, Mr. Eastland was a senior partner in the law firm of Baker Botts, LLP, in Houston.  He is a member of the International Academy of Estate and Trust Law and a Fellow of the American College of Trust and Estate Counsel.  He received his B.S., with honors, from Washington and Lee University and his J.D., with honors, from the University of Texas School of Law.

Stephen T. Dyer is a partner in the Houston office of Baker Botts, LLP, where his practice emphasizes the design, implementation, and defense of advanced gift and estate tax savings and business succession strategies, particularly for family-owned businesses.  He also represents fiduciaries and beneficiaries in estate and trust administration.  Before joining Baker & Botts, Mr. Dyer was an investment banker doing mergers and acquisitions work for Wasserstein Perella & Co., Inc., one of the nation’s leading investment banking boutiques.  Mr. Dyer received his B.B.A. with honors, his MBA, and his J.D. with honors from The University of Texas.

SHARING A PHONE LINE? CALL 1-800-252-8908 FOR A $10 GROUP DISCOUNT!