Section 1202 has become an increasingly important planning tool for entrepreneurs and affluent families seeking to reduce or eliminate federal capital gains taxes on the sale of qualifying business interests. As the legal and tax landscape continues to evolve, practitioners must understand how recent legislative changes and sophisticated planning techniques can expand the benefits available to eligible taxpayers.

This CLE program examines the fundamentals of Qualified Small Business Stock and the impact of the One Big Beautiful Bill Act on QSBS-related planning. The discussion will focus on strategies designed to maximize available gain exclusions, including transferring QSBS interests among family members and leveraging trust structures to create additional exclusion opportunities. Attendees will also explore the use of non-grantor trusts as part of a broader wealth-transfer strategy, with attention to asset protection, multigenerational planning, and state tax considerations.

The program will highlight practical issues that arise when creating and administering non-grantor trusts and will compare those structures to more traditional grantor trust arrangements commonly used in estate planning. Participants will leave with a better understanding of how to integrate QSBS planning into comprehensive tax and wealth preservation strategies for high-net-worth clients.