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Concurrent Session Onsite and Online

EST2327. Fending off the Forced Sale: How to Weave, Bob, Hop, Skip, and Jump When Planning for and Administering an Estate with Illiquid Assets

Whether it is an interest in a closely held business, farm land, artwork, or any other asset not easily convertible to cash, an illiquid asset creates a unique set of challenges for the estate planning community. This presentation will address the planning considerations and estate administration realities of dealing with illiquid assets. Special focus will be given to the opportunities and challenges presented in taxable estates with illiquid assets, including planning for and seeking deferral of the estate tax liability under IRC section 6166; electing to value certain farm property using special use valuation; and generating liquidity to cover the estate tax.

Learning Objectives:

  • Identify the opportunity and risks in estate planning and administration in dealing with illiquid assets.
  • Assess the appropriate planning techniques available to clients with illiquid assets.
CPE Credits
NASBA Field of Study
3-4 years in the Profession
Advanced Preparation
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