Valuations and Estate Planning: Impact of Covid

Tuesday, June 30, 2020 4:00pm – 5:30pm EDT

Management Planning, Inc. (MPI) and Empire Valuation Consultants principals will participate in this informative and practical webinar.

Speakers include:

Todd G. Povlich, CFA, ASA, Dan Kerrigan, CFA, ASA, Scott Nammacher, CFA, ASA, Kevin Kane, CFA, ASA,

Jonathan G. Blattmachr, Esq., and Martin M. Shenkman, Esq.

View Recording

Webinar Materials

Webinar Description

What are the valuation implications of the current economic environment brought about by the economic implications and stock market’s reaction to the COVID-19 crisis? The program will discuss the practical ramifications to valuations and the implications to estate planning transactions. A number of factors may have aligned for what is potentially a unique opportunity to maximize the efficient use of exclusion amounts and transfer significant wealth at a relatively lower cost. The relevance of the valuation date in the valuation of a private business in the midst of this crisis will be discussed in detail. Even though markets may have recovered from lows opportunity remains for sophisticated wealth transfer planning. The panel of valuation experts and estate planners will also discuss nuances to valuation methodologies that the appraiser and client must consider in light of the Covid crisis. Company-specific items such as the usage of PPP loans, and the implications of the CARES Act generally, will be reviewed. Why and how forward-looking projections are more important to the valuation process with expected fluctuations in cash flows over the next few months and perhaps years. The panel will discuss the fluctuation of valuation discounts for private businesses. It is anticipated that many clients will transfer substantial wealth before the November 2020 election for fear that the election might bring reduction in gift and GST exemptions, restriction or eliminate of discounts and GRATs. The program will provide technical but practical valuation insights that practitioners will need to understand in guiding clients planning in the last half of 2020.

Attorney Bios

Jonathan G. Blattmachr, Esq., InterActive Legal Founder ^

Jonathan G. Blattmachr has over 35 years of experience in trusts and estates law and is currently a Principal at Pioneer Wealth Partners, LLC. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars. Mr. Blattmachr writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored eight books and over 500 articles on estate planning topics. He also co-developed Wealth Transfer Planning™, an InterActive Legal software system published for lawyers that provides specific client advice and automated document assembly for wills, trusts, powers of attorney, and other estate planning documents.

Martin M. Shenkman, Esq., InterActive Legal Advisor ^

Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City. His practice concentrates on estate and tax planning, planning for closely held business, and estate administration. Mr. Shenkman is an author of over 40 books and more than 800 articles. He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal. He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability. Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.”

Webinar Sponsors

CLE Credits

InterActive Legal is not an approved Continuing Education Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.

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