Estate Planning Strategies for Business Owners with Cara Koss

Episode 5: Asset management is crucial for everyone, including business owners who want to pass on their assets to future generations.

From wills and business continuity plans to tax strategies, these are some aspects that we need to pay attention to when it comes to estate planning.

In this episode of the Exit Planning Toolkit miniseries, Marc Campbell and Chris Girbés chat with Cara Koss, Partner at Arnold & Porter Kaye Scholer LLP. Listen in as they talk about the value of estate planning for business owners and the key considerations to keep in mind.

They discuss: 

• The importance of core estate planning documents such as wills and powers of attorney
• The two aspects of business succession planning
• The concept of the lifetime estate and gift tax exemption and how it affects individuals with taxable estates
• What you need to know about qualified small business stocks (QSBS) ‘stacking’
• Using QSBS ‘stacking’ to achieve tax goals
• The risks of last-minute estate planning before selling a business and the need for early preparation
• Strategies to minimize taxes even after selling a business
• And more!

Connect with Marc Campbell: 

• LinkedIn: Marc Campbell
• Five Oceans Advisors 

Connect with Christopher Girbés: 

• LinkedIn: Christopher Girbés
• Five Oceans Advisors 

Connect with Cara Koss: 

• LinkedIn: Cara Koss
• Arnold & Porter Kaye Scholer LLP

About our Guest: 

Cara Koss focuses her practice on advising high net-worth individuals, both domestically and internationally, on a wide range of sophisticated matters, including estate planning, trust and estate administration, lifetime gifting, family office formation and counseling, asset protection, business succession planning, and tax compliance. 

Cara specializes in structuring tax-efficient wealth transfer strategies for clients designed to preserve family legacies through the generations, protect assets from potential creditors, and incorporate clients’ philanthropic and other non-tax objectives. She has expertise in the settlement of complex estate matters, including disputes between family members and audits with the Internal Revenue Service (IRS).

Cara is nationally recognized for her cutting-edge expertise in the use of assisted reproductive technology (ART) and estate planning. She is a frequent lecturer on these and other topics, having presented to local and national professional organizations, including the Heckerling Institute on Estate Planning and the American Bar Association. Cara has also been recognized as a Fellow of the American College of Trust and Estate Counsel (ACTEC) and as a Top Attorney in Chambers and Washingtonian magazine.