There are tax and other benefits to holding a closely-held company or other business interests in a trust. But there are also substantial risks.

Trusts are typically required to diversify their holdings. But when a company is held in a trust there is almost a highly concentrated, and thus risky, position. Similarly, holding real estate or nontraditional assets also involves issues of liquidity and proper fiduciary and income tax administration.

This program provides a real world guide placing business interests in a trust.

• Dilemmas of operating companies in trusts – concentrated assets, speed, decision-making
• Concentrated assets and the fiduciary duty to diversify
• Counseling clients about the right trust for different asset classes
• Preserving S Corp status or other tax benefits in trust
• Business succession planning for family businesses
• Managing minority stakes in operating companies or assets
• Financial and tax administration traps

DETAILS
Phone/Audio
Wednesday, May 18, 2022
1:00–2:00 PM

SPEAKERS

• Michael Sneeringer, Porter Wright Morris & Arthur LLP, Naples, FL
• Missia H. Vaselaney, Taft, Stettinius & Hollister LLP, Cleveland, OH

PRODUCED
May 18, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.