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Trust and Estate Planning for Family Businesses, Part 1

April 24, 2019 @ 12:00 pm - 1:00 pm

Most successful businesses are owned by one or more families. Because they are family owned, these companies create many special planning challenges. Ownership and control do not shift among non-owner managers or anonymous shareholders. Rather, succession in control or management is a momentous and often highly emotional process for members of the family. Frequently, these transitions are caused by the withdrawal or death of members of the senior family generation. And these transitions, if not carefully planned and delicately handled, can be ruinous, damaging to the family and its company. This program will provide you a real-world framework of trust and estate planning and succession planning for family businesses.

Handout Materials will be emailed to you prior to the seminar
1.0 MCLE Credit Hours


• Avoiding family succession drama – communication, income issues, and phased shifts in control
• Valuation issues for financial and tax purposes
• Buy-sell planning with family members or key employees
• The neglected alternative of selling to third parties where succession is not possible
• Planning for the incapacity of the founding generation
• Role of outside managers to overcome family drama related to control


Daniel L. Daniels, Wiggin and Dana, LLP – Greenwich, Connecticut