CLE on Getting Family Business Owners To Start Succession Planning

The ALI-CLE is sponsoring a telephone seminar and audio webcast entitled, Getting Family Business Owners off the Dime: How To Get Them Started on Succession Planning on Wednesday March 27, 2013 from 1:00 – 2:00 pm EST. Provided below is description of the event:

Estate planners are constantly frustrated by clients who fail to engage in thoughtful succession planning. this program will help even the most seasoned practitioner motivate his/her client to begin the process.

This course will examine several issues facing clients today, including:

• Drafting suggestions to accommodate a trustee who must follow the direction of another on a family business matter
• Cash flow for a surviving spouse
• Children who do no work in the business
• Business real estate which is not owned by the business
• Common mistakes in buy-sell agreements (e.g., pricing formulae, valuation discounts, transfer incident to divorce, prohibited transfers)
• Recommended language to use for the trustee with a conflict of interest