2017 Teleconference: Family Business Succession Planning: Now More Challenging Than Ever

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Description

A huge majority of American businesses are family-owned, yet only a distinct minority of these companies is successfully transitioned into the second generation, and only half of those make it intact into the third. Succession planning for a closely held business is often exceedingly difficult because of its substantial value, limited marketability and lack of liquidity and because of the emotional baggage it represents within the family. In this session, we will explore:

How the new IRC Section 2704(b) rules may impact even operating businesses
Estate planning structures that may be compatible with family business equity
Navigating the minefield of having children who are active in the business and those who aren’t
Anticipating and addressing family members’ marriages and divorces

Cancellation Policy
If you wish to cancel your teleconference registration prior to the time the program Materials (Intellectual Property)/Pin are sent out by BSe, then you will be allowed a full refund of your registration fee. If you wish to cancel your teleconference registration AFTER the program Materials (Intellectual Property)/Pin are sent out by BSe, then you will be charged a $100 cancellation/materials fee.

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State CE Exceptions:
Attorneys must apply for CLE approval
30 days before event date or earlier.
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Kansas Attorneys must apply for CLE approval 30 days before event date or earlier.

Contributors

Charles A. Redd

Charles A. ("Clary") Redd is a partner in the St. Louis office of Stinson LLP. Clary concentrates his practice in estate planning, estate and trust administration and estate and trust-related litigation. He is an elected member of The American Law Institute, a Fellow of The American College of Trust and Estate Counsel and an Adjunct Professor of Law at Northwestern University School of Law. He also serves as Co-Chair of the Editorial Advisory Board of, and writes a regular column in, Trusts & Estates magazine. He is listed in The Best Lawyers in America and is nationally ranked by Chambers USA in its “Wealth Management” category.
Turney P. Berry

Turney P. Berry is a Member of the Executive Committee and the Chair of Wyatt, Tarrant & Combs’ 22 lawyer Trusts, Estates & Personal Planning Service Team. Turney is a Fellow of the American College of Trust and Estate Counsel and the American College of Tax Counsel, a Uniform Law Commissioner and member of the Joint Editorial Board for Uniform Trust and Estate Acts, a Trustee of the Southern Federal Tax Institute and a member of the Advisory Council of the Heckerling Institute on Estate Planning as well as a Member of the Advisory Board of Trusts and Estates Monthly and a Vice-Chair of the Charitable Planning section for the ABA Section of Real Property, Trust and Estate Law. He is listed in Woodward/White’s The Best Lawyers in America®.

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Description

Contributors

Charles A. Redd

Turney P. Berry