Advanced Estate Planning with S Corporations: Tax Structuring, Trust Design & Succession Strategies for Closely Held Business Owners
June 5, 2026
Master S corporation trust structures, avoid termination traps, and execute post-death elections on time, before a single drafting mistake costs your client everything.
What will you learn
Attorneys will learn to structure S corporation interests within trusts, coordinate succession documents, and execute post-death compliance on time.
What will you gain
Attorneys gain drafting safeguards, election timeline guidance, and tools to spot valuation disputes and malpractice exposure.
Agenda:
- Buy-Sell Agreements – Coordinate transfer restrictions and mandatory buyout clauses with existing estate instruments.
- Post-death Elections – File timely QSST and ESBT elections within statutory deadlines after shareholder death.
- Valuation Disputes – Apply appraisal standards, minority discounts, and recognize current IRS scrutiny trends.
- Termination Traps – Identify failed elections, ineligible shareholders, and dangerous drafting errors in trust documents.
- Insurance Funding – Structure life insurance to fund buyouts while avoiding estate tax inclusion.
- IRC Elections – Optimize basis and manage built-in gains considerations following a shareholder’s death.
People
Related Insights
June 10, 2026
Foley Viewpoints
Government-Funded Inventions and iEdison
Inventions conceived or reduced to practice during the performance of work funded by the U.S. federal government are subject to various obligations under the Bayh-Dole Act. Fulfilling these obligations is important to maintaining ownership of such inventions and complying with the terms of government contracts.
June 9, 2026
Foley Viewpoints
Texas Business Court Weighs In On Discoverability of AI Prompts
Share on Twitter
Print
Share by Email
Share
Back to top
The Texas Business Court has entered the growing national debate about whether conversations with AI tools like ChatGPT are discoverable, and it came down on the side of protection. In a minute entry filed June 3, 2026, Judge Grant Dorfman of the Eleventh Division ruled that a non-lawyer’s ChatGPT conversations, prepared in anticipation of litigation, can qualify as protected attorney work product under Texas procedural rules.
June 8, 2026
Labor & Employment Law Perspectives
Illinois Provides Additional Protections to Workers on Publicly Funded Projects
In 2025, Illinois Governor J.B. Pritzker signed three new bills into law to amend the Illinois Prevailing Wage Act (the Act): HB 1189, SB 1344, and HB 2488. Now approaching almost one year with these amendments on the books, it is a good time for covered employers to assess their compliance.