Post-Mortem Estate Planning
When a closely held business is an estate’s major asset, it can present unique issues that are easily overlooked. This program will focus on the many pitfalls and opportunities of post-mortem estate planning for the closely held business owner. Among other topics, the program will discuss preserving the “S” status of the business if it passes to a trust and the tax treatment accorded the trust. The program will also cover estate and income tax planning opportunities, including electing Section 6166 versus. the Graegin note, rules affecting the tax treatment of partnership income and losses, and the discounting opportunity presented by Mellinger.
- Post-mortem planning for the closely held business owners
- Testamentary trusts as S Corp shareholders
- Section 6166 election v. Graegin note
- Mellinger as a planning opportunity
- Post-mortem income tax issues relevant to partnerships
Karen L. Goldberg is a Managing Director in the New York office of RSM McGladrey, where she leads the Estate and Trust Group. Under her supervision, the group provides estate and trust services such as estate planning, post-mortem planning, and tax return preparation. For 20 years, Ms. Goldberg has specialized in estate planning for closely held business owners, senior corporate executives and other high net worth individuals. Prior to joining RSM McGladrey, she led Grant Thornton’s trust and estate practice in the Northeast. Ms. Goldberg received her B.A. from Boston University and her J.D. and LL.M. in taxation from Boston University School of Law.
