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There are tax and other benefits to holding a closely-held company or other business interests in a trust. But there are also substantial risks. Trusts are typically required to diversify their holdings. But when a company is held in a trust there is almost a highly concentrated, and thus risky, position. Similarly, holding real estate or nontraditional assets also involves issues of liquidity and proper fiduciary and income tax administration. This program will provide you with a real world guide placing business interests in a trust.
Handout Materials will be emailed to you prior to the seminar
1.0 MCLE Credit Hour
Michael Sneeringer, Porter Wright Morris & Arthur LLP – Naples, Florida
Missia H. Vaselaney, Taft, Stettinius & Hollister, LLP – Cleveland, Ohio