Most successful businesses are owned by one or more families. Because they are family owned, these companies create many special planning challenges.

Ownership and control do not shift among non-owner managers. Rather, succession in ownership and management is a momentous and often highly emotional process for members of the family. Frequently, these transitions are caused by the retirement or death of members of a family member. And these transitions, if not carefully planned and delicately handled, can be ruinous, damaging the family and their company.

This program provides a practical framework of trust and estate planning and succession planning for family businesses.

Part 2 topics include:

• Life insurance trust planning – or as a compensating asset to certain heirs
• Structuring private annuities to transfer a business and provide income to founders
• Self-cancelling installments notes and intentionally defective irrevocable trusts
• Use of GRATS and "redemptive freezes"

DETAILS
Phone/Audio
Friday, October 7, 2022
1:00–2:00 PM

SPEAKERS

• Daniel L. Daniels, Wiggin and Dana LLP, Greenwich, CT

PRODUCED
February 23, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.