Professional practices and their owners are common targets for aggressive lawsuits which are commonly based upon bad results from the litigation system. Others pay more in taxes than they need to, and many have estate tax challenges that are not recognized or addressed. Many advisors are not aware of a number of ways that their clients can be much better protected from liability, income taxes, estate taxes, and other threats to wealth and wellbeing. This presentation will provide attendees with a number of strategies, explanatory materials, and client-friendly charts to apply the methods discussed immediately after review.

Learning Objectives:

• Understanding how creditor protection works in a professional entity


• Knowing what strategies are good and genuine and what strategies are not appropriate or actually used by professionals.


• Understanding the exposure of the professional who may assist with this planning.


• Section 199A planning techniques where tax savings can go hand in hand with better protecting the family.


• What to do with practice real estate


• Estate tax planning for professional practices