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| Valuing Family Limited Partnerships (1670Q) |
Course CPE: 2 hours
Field(s) of Study: Accounting–2 hrs
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Item
Number: 22BV1216VFL
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: December 16, 2022
Presenter: Peter Agrapides
Program Description:
Part 1—The Partnership Agreement
Part 2—Internal Revenue Code with a focus on Estate Freezes
Part 3—Case Law
Part 4—Empirical Data – Discount for Lack of Marketability, Discounts for Lack of Control
Part 5—Tiered Discounts
Family limited partnerships are a powerful tool in estate planning. At the basic level, a family limited partnership is a holding company owned by two or more family members that is created to retain a family's business interests. While a powerful tool, they can easily become complex with tax, legal, and other ramifications. This course, "Valuing Family Limited Partnerships" presented by Peter Agrapides, explores the importance of the partnership agreement, the relevant Internal Revenue Code with a focus on estate freezes, case law pertaining to family limited partnerships, empirical data focusing on discount for lack of marketability (DLOC) and discount for lack of control (DLOM), and tiered discounts regarding family limited partnerships. Peter Agrapides shares his experiences and insights in this industry. He earned his MBA and served as an economist for seven years before starting his valuation practice in 2006. In that time, 95% of his practice is Gift and Estate Tax valuations, with 70% of those valuations focusing on Family Limited Partnerships.
After completing this course, you will be able to:
- Recognize pertinent sections of a Partnership/Operating Agreement to
support the analysts discounts for lack of control & marketability
- Identify the various Tax Code sections pertinent to these valuations
- Determine their analysis of the Agreement and Tax Code sections in their valuation report
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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