EP 28 - Estate Planning and ESOPs: Interview with Agnes Gregory (Tax Partner) and Justin Stemple (ESOP Attorney)

Journey to an ESOP & Beyond

This episode is extremely timely given the potential changes to estate tax. Agnes Gregory with Berman Hopkins CPA tax team in Orlando FL and Justin Stemple with Warner Norcross + Judd from Grand Rapids, MI explain how important it is to have an Estate/Gift Tax plan going into an ESOP transaction. We cover some important elements of Estate planning as we consider the event of an ESOP transaction. One of the areas of planning is considering the potential lifetime exemptions with other assets. This gets somewhat clearer as you consider the valuation of a primary asset - your business. When it comes to estate and gift planning there are a myriad of options and the earlier you start the better. We also cover who should be helping you do this kind of planning so that you can enjoy your journey to an ESOP.