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Holding Business Interests in Trusts


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.