TELESEMINAR: Business Succession and Estate Planning for Closely Held Business Owners, Part 2 – A National Perspective
November 2, 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 2 of 2.
- Generation skipping Transfer Tax issues in family businesses
- Valuation discounts, estate freezes and advanced Family Limited Partnership planning
- Intersection of retirement asset planning and transferring a closely held business
- Asset protection planning with closely held businesses
- Charitable planning techniques
Daniel L. Daniels, Wiggin and Dana, LLP, Greenwich, Connecticut
David T. Leibell, Wiggin and Dana, LLP, Greenwich, Connecticut