Name
Estate Plans for Family Business Succession
Date & Time
Thursday, October 26, 2023, 2:45 PM - 3:45 PM
Description

Attendees will learn about estate planning techniques that are important to family business succession planning and will learn drafting tips and strategies to accomplish the clients' succession objectives for the family and the business. Topics include:

  • Estate tax planning is only part of family business succession planning.
  • It is almost always better to put family business interests in trust.
  • Don't let the senior generation's personal guaranties of family business debt ruin a good succession plan.
  • Always include owner agreements as part of the estate plan; the next generation will need them even if their interests are held in trust.