Business succession planning intersects with estate planning, income tax planning, and continuity of management. Using the various techniques for passing along the family business requires an understanding of the various tax traps inherent in these strategies. In this presentation you will learn some of the more common income tax aspects of succession planning and how to minimize income tax consequences of various techniques such as:

• Grantor trusts (IDGT, BDGT, GRAT, SLAT)
• FLPs and LLCs
• Buy-sell agreements
• Effective use of life insurance