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Buy-Sell Agreements After Connelly and Huffman: Avoiding Tax and Structural Traps 2025

Content Provider
American Law Institute CLE
Product
CLE
Run Time
91 Minutes
Recording Date
06/05/2025
Presenter(s)
Georgia Loukas Demeros, Steven B. Gorin
Learning Method
On-Demand Training
Practice Area
Estate Planning and Elder Law, Taxation, Insurance
Persona
CLE OnDemand

Price $259.00

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Description

If you advise business owners on succession planning, this is a session you can’t afford to miss - register today! Life insurance remains a popular tool for funding business buy-sell agreements — but recent court decisions, including Connelly and Huffman, have made the planning environment more complex and risk-laden. Could your clients be exposed? Register for this program to learn about deal vulnerabilities, tax risks, and curative measures. Join seasoned practitioners for a webcast exploring advanced strategies to help you sidestep the dual hazards of IRS scrutiny and flawed structures. Drawing on a private letter ruling he personally obtained, Steve Gorin and co-panelist Georgia Demeros will guide you through: - Structuring a life insurance LLC to fund cross-purchase agreements more safely and efficiently - Addressing fairness concerns between older majority owners and younger minority stakeholders - Minimizing income tax risks when transitioning to a life insurance LLC structure This program is designed for estate planning attorneys, especially those who advise family businesses on succession matters. This program is also beneficial to financial and tax professionals who provide guidance and strategies to family businesses. Finally, this course will benefit business attorneys who counsel clients on buy-sell agreements and formation matters.

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaPending State Response0.00
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.50GeneralOn-going
ArkansasApproved1.50GeneralOn-going
CaliforniaApproved1.50Participatory06/05/2030
ColoradoPending State Response0.00
ConnecticutApproved1.50GeneralOn-going
HawaiiApproved1.50General06/05/2027
IllinoisApproved1.50General08/24/2027
KentuckyPending State Response0.00
LouisianaPending State Response0.00
MainePending State Response0.00
MissouriApproved1.80GeneralOn-going
MontanaPending State Response0.00
New HampshireApproved1.50General06/04/2028
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.50General06/04/2030
North DakotaPending State Response0.00
OregonPending State Response0.00
PennsylvaniaApproved1.50General08/27/2027
Rhode IslandPending State Response0.00
TennesseePending State Response0.00
UtahPending State Response0.00
VermontApproved1.50GeneralOn-going
WisconsinApproved1.50GeneralOn-going
WyomingPending State Response0.00

Speakers