Qualified Small Business Stock (QSBS) continues to be one of the most powerful tax planning opportunities available to founders, investors, and high-net-worth families. Recent legislative developments under the One Big Beautiful Bill Act (OBBBA) have created new considerations and planning opportunities that attorneys and advisors must understand when counseling clients on the acquisition, ownership, and transfer of QSBS.

This CLE program will provide an overview of the requirements and benefits of Section 1202 before examining how recent changes may affect existing and future planning strategies. Participants will explore advanced techniques for maximizing QSBS gain exclusions, including the use of family gifting strategies and exclusion “stacking” among multiple taxpayers.

The program will also address the growing role of non-grantor trusts in QSBS planning, including their potential to enhance asset protection, multiply available exclusions, and reduce state income tax exposure. In addition, attendees will review key drafting and administration challenges associated with non-grantor trusts and compare those considerations with traditional irrevocable grantor trust structures. Practical guidance will be provided to help attorneys identify planning opportunities and avoid common pitfalls when advising wealthy clients and business owners holding QSBS.