About the Course
Introduction
This CLE/CPE course will provide trust and estates counsel a thorough and comprehensive guide to the legal framework and challenges for valuations in estate and gift tax planning. The panel will discuss the One Big Beautiful Bill Act (OBBBA) and other recent developments impacting valuations in estate planning, valuation discounts for estate and gift tax purposes, fractional interests, promissory notes, and challenges faced by estate planners implementing transfers and other strategies.
Description
IRC Section 2704 and accompanying regulations have a significant impact on estate, gift, and generation-skipping transfer tax planning. Estate planners must recognize key issues relating to the valuation of interests in family-controlled entities and implement tactics to avoid loss of tax benefits.
The valuation discounts utilized by estate planners in passing down family-owned assets such as closely-held businesses require a complete understanding of complex rules and their impact on certain transfers for estate and gift tax purposes. Specifically, the rules treat lapse of voting or liquidation rights as an additional transfer and eliminate some discount valuation opportunities for restrictions on liquidation in determining the fair market value of a transferred interest.
In light of increased exemption limits under the OBBBA, accurate asset valuation is crucial to gift and estate tax planning, allowing individuals to use their full exemption amounts effectively, limit IRS audit issues, and improve business succession planning.
Listen as our experienced panel provides a critical look at recent developments impacting valuations in estate planning, valuation discounts for estate and gift tax purposes, fractional interests, promissory notes, and challenges faced by estate planners implementing transfers and other strategies.
Presented By
Mr. Van Schooneveld is a Director in the firm. With more than 8 years of experience, he is a well-rounded advisor with many areas of expertise and specializes in business and intellectual property valuations for estate and gift taxes, transactions, purchase price allocations and litigation matters. In addition, Mr. Van Schooneveld also provides litigation support and aids the firm’s audit practice with fair value measurements for financial reporting.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, January 20, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Contents of 2704 regulations
II. Impact of the OBBBA
III. Asset structures and valuation pitfalls to avoid
IV. Structuring transfers and key tax considerations
V. Evaluating existing structures for holding family assets
The panel will discuss these and other important issues:
- How does the OBBBA impact gift and estate tax planning?
- What types of asset transfers are subject to Section 2704 regulations?
- How does the treatment of lapses of voting or liquidation rights impact future transfers of family-owned assets into family limited partnerships or trust vehicles?
- What issues must be considered for valuation discounts in transfers of closely-held businesses into estate planning vehicles?
- What must estate planning attorneys and advisers consider for existing transfers and operating documents to minimize the tax impact of any proposed changes to the regulations?
