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Trust and Estate Planning for Family Businesses, Part 2

April 25, 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


• Framework of trust and estate planning tools and techniques for family businesses
• 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”
• Obtaining tax-free (or tax-saving) treatment on the sale of a family business
• Post-mortem planning for family businesses and its limitations


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