The discussion will highlight selected topics on wealth planning for individuals in partnerships holding appreciated assets, including goodwill. Observations as to which transfer planning strategies hold greater promise than others, looking at the valuation process in general in valuing interests in unincorporated entities, working with expert valuation appraisers both during the reporting and tax controversy and litigation process, work product and privilege issues in the event an audit occurs, impact of the centralized partnership audit rules.
Recorded at the Estate Law Institute in November 2022.