Continuing Legal Education

TELESEMINAR: Business Succession and Estate Planning for Closely Held Business Owners, Part 1 – A National Perspective

November 1, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours


Successful closely held businesses can create substantial wealth – but they are also substantial estate planning challenges. The first challenge is succession of leadership from the founders to outsiders or, if it’s a family business, between generations of a family. Beyond ensuring a smooth transition in leadership, there are challenges surrounding providing current income for the founders who want to transition out, or the senior members of a family, while attributing subsequent increases in company value to their heirs. There are also myriad challenges of trust planning with an operating business. This program will take an integrated approach to succession and estate planning for closely held and family-owned businesses. The program will cover advanced lifetime and post-mortem transfer strategies, including the use of FLP and charitable giving techniques, buy/sell arrangements and recapitalizations, estate freezes and more. Part 1 of 2.


  • Advanced strategies for lifetime and post-mortem transfers of closely-held and family businesses
  • Differences between family-held and non-family closely held businesses
  • Identifying business succession planning challenges – founders v. outsiders, active v. inactive members of a family, cash flow concerns
  • Techniques to facilitate business succession planning – separating ownership and management structures, sales to outsiders, buy/sell agreements within the family
  • Integration of buy/sell, redemption and hybrid agreements with estate plans
  • Spousal Estate Reduction Trusts, Grantor Retained Annuity Trusts, preferred/common recapitalization gifts, opportunity shifting
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Program Speakers:
Daniel L. Daniels
, Wiggin and Dana, LLP, Greenwich, Connecticut
David T. Leibell, Wiggin and Dana, LLP, Greenwich, Connecticut


Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families.  A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine.  Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.

David T. Leibell is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where he has an extensive estate, trust and charitable giving practice. He previously worked in the financial services industry, specializing in the financial aspects of estate planning.  Mr. Leibell is a frequent lecturer on fiduciary topics throughout the United States, and has authored many articles on charitable, estate and tax planning topics.  He is the author of a monthly column in “Trusts & Estates” magazine.  He also authors a column for “Registered Representative Magazine.”  Mr. Leibell received his B.A. from Trinity College and his J.D. from Fordham Law School.