This one-day seminar is designed to enhance attendees' working knowledge of family-owned business, as well as estate and succession planning techniques to ensure a smooth transition to the future.
- Special issues for business owners
- Estate and gift taxes - how to use the basics to save big money
- Succession planning - how?
- Valuation techniques can help - how?
- Case study analysis
8:30 a.m. - 9:15 a.m.
A. What Is An Estate/Succession Plan?
B. Case Study Discussion – Facts
C. Special Issues For Family Business Owners
1. Family And Sibling Issues
2. Retaining Key Management
3. Selling vs. Continued Operation
4. Employment vs. Ownership
5. 'Control' Issues
9:15 a.m. - 10:20 a.m.
II. Estate And Gift Planning Techniques
A. Estate And Gift Tax Basics
B. Planning Tools
C. Special Techniques
10:20 a.m. - 10:30 a.m.
10:30 a.m. - 12:00 p.m.
III. Succession Planning: A Goal Of A Family-Run Operation
A. The Four Elements Of The Family Business Plan
1. Strategic Plan
2. Succession Plan
3. Estate Plan
4. Family Plan
B. Process Of Succession
12:00 p.m. - 1:00 p.m.
Lunch (On Your Own)
1:00 p.m. - 2:00 p.m.
IV. Planning For Business Transfers
A. Buy/Sell Agreements
2:00 p.m. - 3:00 p.m.
V. Valuation Consideration
A. General Principles
B. Valuation Adjustments
C. Buyer's Valuation Approaches
3:00 p.m. - 3:10 p.m.
3:10 p.m. - 3:30 p.m.
VI. The Banker's Role In Estate Planning
A. Why Bankers Care About Proper Estate Planning
B. Why Bankers Are Important To The Process
3:30 p.m. - 4:15 p.m.
VII. Case Study