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. Rather, succession in ownership and management is a momentous and often highly emotional process for members of the family. Frequently, these transitions are caused by the retirement or death of members of a family member. And these transitions, if not carefully planned and delicately handled, can be ruinous, damaging the family and their company. This program will provide you a practical framework of trust and estate planning and succession planning for family businesses.

Handout Materials will be emailed to you prior to the seminar
$60.00
1.0 MCLE Credit Hour

Schedule:

• Life insurance trust planning – or as a compensating asset to certain heirs
• Structuring private annuities to transfer a business and provide income to founders
• Self-cancelling installments notes and intentionally defective irrevocable trusts
• Use of GRATS and “redemptive freezes”

Speaker:

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