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Closely Held Business Estate Planning

Personal Financial Planning

CPE Self-study

Closely Held Business Estate Planning

Register now to learn about planning strategies and documents needed for closely held business estate planning issues so you can provide reasoned recommendations to your clients.

$63.20 - $99

Do you have an AICPA membership? Log in to apply your member discount.

Format

Online

NASBA Field of Study

Specialized Knowledge

Level

Intermediate

CPE Credits

1.5

Author(s)

Tom Tillery, Susan M. Tillery

Availability

1 year

Product Number

166861

Business & partner

Product Details

This CPE course can be purchased individually or as part of the Estate Planning Certificate Program.

Owners of closely held businesses have unique estate planning considerations that should be addressed by the personal financial planner.

Updated for the Tax Cuts and Jobs Act (TCJA) of 2017, this CPE course covers planning strategies and documents related to closely held business estate planning issues. This course features specialized knowledge areas including:

Special use valuations for real property used in a farm or closely held business
Family succession planning
Business continuation agreements
Buy-sell agreements

This course also covers continuation agreements to prevent familial disputes and to ensure continuity of the business. Many continuation agreements contain provisions for the orderly transfer of ownership interests at disability, retirement, or death. As the personal financial planner, you should have a working knowledge of these agreements, so you can provide reasoned recommendations to your clients.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Who Will Benefit

CPAs and financial planners with basic knowledge of personal financial planning and an interest in estate planning.

Key Topics

Closely held business estate planning issues
Special use valuation under IRC Section 2032A
Special rules for surviving spouses
Definition of a qualified heir
What constitutes a taxable event
Family succession planning
Familial disputes
Buy-sell agreements

Learning Outcomes

Identify a method for valuing certain qualified real property.
Recall the requirements for real property to qualify under IRC Section 2032A.
Select an activity that qualifies an individual as materially participating.
Identify a contractual obligation that restricts business owners from freely transferring their ownership interests in a closely held business.
Recall a business continuation strategy that will benefit a closely held family business upon the loss of a person whose contributions are critical to the business.
Recognize the type of buy-sell agreement that is funded with insurance contracts.

Credit Info

CPE Credits

Online

1.5

NASBA Field of Study

Specialized Knowledge

Level

Intermediate

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Access

Online

This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.

Pricing

Do you have an AICPA membership? Log in to apply your member discount.

Nonmembers

Online

$99.00

AICPA Members

Online

$79.00

PFP Section Members

Online

$63.20

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Instructors

Tom Tillery

MA Ed, MSFS, CFP®, CLU®, ChFC®, LUTCF, CRPC®

Thomas Neal Tillery, CFP®, AEP® (Distinguished) Nominee, CLU®, ChFC®, CRPC®, LUTCF is Vice President & CCO of Paraklete® Financial, Inc. Paraklete® provides integrated fee-for-service personal financial planning and virtual family office services, without asset management or product sales. The firm acts as An Advocate in Financial Services® for its clients with a disciplined focus on independence and objectivity. Tom is also a co-founder and Vice-President of Financial Planning Advocate, LLC, a provider of continuing education for CPA’s, financial advisers, universities and colleges. Tom earned an M.S. in Financial Services from The American College and an M.A. in education from The Southern Baptist Theological Seminary. He is an active member of AICPA (Non-CPA Associate) and the Atlanta Estate Planning Council. With more than 30 years of experience in personal financial planning, Tom is a frequent speaker and author on topics relating to personal financial planning including, Financial Planning and Tax Advisory Services, Estate Planning for the Affluent, Current Retirement Issues, Working with Investment Advisors, and Stewardship. Mr. Tillery is the co-author of Essentials of Personal Financial Planning, a textbook used by colleges and universities in graduate programs in accounting, business, and law. Additionally, Tom has co-authored The AICPA Financial Planning Certificate Program. The program addresses all areas of the Personal Financial Specialist (PFS) Body of Knowledge and successful completion, with related experience, permits participants to obtain the PFS Credential. Tom and his family reside in Kennesaw, Georgia.

Susan M. Tillery

CPA/PFS, AEP®

Susan M. Tillery, CPA/PFS, AEP® (Distinguished), is President & CEO of Paraklete® Financial, Inc. Paraklete® provides integrated fee-for-service personal financial planning and virtual family office services, without asset management or product sales. The firm acts as An Advocate in Financial Services® for its clients with a disciplined focus on independence and objectivity. Susan is also a co-founder and President of Financial Planning Advocate, LLC, a provider of continuing education for CPA’s, financial advisers, universities, and colleges. Ms. Tillery’s experience at Harris myCFO, a multi-family office where she was responsible for the development and delivery of comprehensive family office solutions to affluent families, together with her work at Arthur Andersen and Ronald Blue & Co provides the framework for Paraklete. Susan earned both her bachelor’s and master’s degrees in Accounting from the University of Georgia. Susan is a member of the American Institute of CPAs (AICPA), the Georgia Society of CPAs (GSCPA) and the Atlanta Estate Planning Council. In addition, she is Chair of the AICPA Personal Financial Planning Executive Committee and past Chair of the AICPA Personal Financial Planning Credential Committee. Susan is a recipient of the AICPA 2019 Personal Financial Planning (PFP) Distinguished Service Award. Ms. Tillery is the co-author of Essentials of Personal Financial Planning, a textbook used by colleges and universities in graduate programs in accounting, business, and law. Additionally, Susan has co-authored The AICPA Personal Financial Planning Certificate Program. The program addresses all areas of the Personal Financial Specialist (PFS) Body of Knowledge and successful completion, with related experience, permits participants to obtain the PFS Credential. She is a frequent speaker and author on topics relating to personal financial planning including, CPA’s and Financial Planning, Virtual Family Offices, Collaboration, Planning and Tax Advisory Services, Financial Issues Facing Women, Responsibilities of Wealth, Charitable Giving, and Stewardship. Susan and her family reside in Kennesaw, Georgia.

Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Closely Held Business Estate Planning

Select from the following options:

Online

$99.00

Nonmember Price

$99.00

Price excluding sales tax

$99.00

Do you have an AICPA membership?
Log in to apply your member discount.

Shipping cost and sales tax will be added later during checkout

Closely Held Business Estate Planning

This CPE course can be purchased individually or as part of the Estate Planning Certificate Program.

Enhanced On-Demand Format

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