SESSION 1 — 60 mins, credit 1.00
Succession Planning for Owners of the Successful Pass-Through Entity (Jan 2020)
Analyze the personal and financial obstacles that arise when passing ownership of a family business on to the next generation. Learn how a preferred partnership structure can be used in balancing the need to treat all the children equally when only some play an active management role. Discover how key employees can be given an equity interest in the family business without adverse income tax treatment and without putting undue financial pressure on the key employee. Finally, review alternatives used to defer payment of the estate taxes.
Originally presented at: Dec 2019 Estate Planning Workshop