Estate Planning for the Family Business Owner - CLE, Continuing Legal Education - ALI CLE.org
Estate Planning for the Family Business Owner
  • Cosponsored by:
    • ABA Section of Real Property, Trust and Estate Law
    • ABA Section of Taxation
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Shipped to you: Printed Coursebook | MP3 CD-ROM | DVD Video

Available Online: Online CLE | MP3 Audio Files | Coursebook

Why You Should Attend

Do not miss the ONLY in-depth, national CLE program for estate planning attorneys who represent family business owners! Plus, get a “behind the scenes” look at business succession planning issues!

 

This annual advanced course, comprising more than 18 hours of instruction, including one hour of ethics, covers various aspects of the closely held family business, from choice of entity to estate administration. By the end of this course, you should be better prepared to recognize and evaluate family business issues and, in so doing, become better skilled at designing customized succession plans for your family business clients.

 

Back by popular demand – optional breakfast workshops on Thursday and Friday! You will have the opportunity to discuss your questions and concerns with experienced faculty in an informal, small-group setting.

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What You Will Learn

Expert faculty will cover the hottest topics facing estate-planning attorneys today, including:

Planning foundations for the family business owner: pre-formation planning, mission statements, accommodating family relationships, outside board advisors, drafting fundamental formation documents

Best practices for planning Buy-Sell agreements

Qualified retirement plan/IRA issues

New planning paradigms in light of ATRA and further legislative proposals

Incorporating charitable planning, including charitable gifts involving S corporations

Fiduciary responsibility issues for business interests in trust

Sophisticated transfer planning strategies for business interests

Ethical issues that arise in representing owners of family businesses and their families

Focus of owners and the IRS in valuation reports

Practical transfer planning and GST compliance

Dealing with the IRS in transfer tax audits involving family limited partnership issues

Retention of the key executives who run the family business

Estate planning for business owners in a second marriage

Administering the estate of the business owner

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Who Should Attend

Estate lawyers, accountants, those who advise privately owned businesses, and those who own private businesses should attend this accredited continuing legal education program from ALI CLE.

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Planning Chairs

Steve R. Akers, Bessemer Trust, Dallas, Texas (also on faculty)

Myron E. Sildon, Sildon Law Group, P.C., Kansas City, Missouri

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Faculty

Michael V. Bourland, Bourland, Wall & Wenzel, P.C., Fort Worth, Texas

Samuel A. Donaldson, Professor of Law, Georgia State University College of Law, Atlanta

Christopher R. Hoyt, Professor of Law, University of Missouri-Kansas City School of Law, Kansas City

Stephanie Loomis-Price, Winstead PC, Houston

Eric A. Manterfield, Krieg DeVault LLP, Indianapolis

Charles L. Ratner, Ernst & Young LLP, Cleveland

Diana S.C. Zeydel, Greenberg Traurig, LLP, Miami

 

ALI CLE Program Attorney: Kevin O’Connor (koconnor@ali-cle.org)

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Program Schedule

Wednesday, July 10, 2013

7:30 a.m. Registration and Continental Breakfast

8:25 a.m. Administrative Remarks – ALI CLE Staff

VIDEO WEBCAST SEGMENT A $329

8:30 a.m. Setting the Stage for Planning With the Family Business Owner (Including Pre-Formation Planning, Mission Statements, Accommodating Family Relationships, Outside Board Advisors, Drafting Fundamental Formation Documents) – Mr. Bourland

9:30 a.m. Dealing with Uncle Sam, Everyone’s Least Favorite Relative in the Family Business – Professor Donaldson

10:30 a.m. Networking and Refreshment Break

10:45 a.m. Dealing with Uncle Sam, Everyone’s Least Favorite Relative in the Family Business (continued)

11:45 a.m. Questions and Answers

12:00 noon Lunch Break

VIDEO WEBCAST SEGMENT B $329

1:30 p.m. Dealing with Uncle Sam, Everyone’s Least Favorite Relative in the Family Business (continued)

2:30 p.m. Recent Developments and New Planning Paradigms in Light of ATRA and Further Legislative Proposals – Mr. Akers

3:30 p.m. Networking and Refreshment Break

3:45 p.m. Getting the Family Business Owner Off the Dime: Getting Started in Business Succession Planning and Practical Best Practices for Planning Buy Sell Agreements – Mr. Manterfield

5:15 p.m. Questions and Answers

5:30 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty

 

Thursday, July 11, 2013

7:15 a.m. Networking and Continental Breakfast

7:30 a.m. WORKSHOP: Please note workshops are not recorded or webcast

Getting Started in Business Succession Planning and Practical Best Practices for Planning Buy Sell Agreements – Mr. Manterfield

VIDEO WEBCAST SEGMENT C $329

8:30 a.m. Qualified Retirement Plan/IRA Issues for Family Business Owners – Professor Hoyt

9:30 a.m. Incorporating Charitable Planning for Business Owners: “So You Wanna Be A Philanthropist?” – Professor Hoyt

10:30 a.m. Networking and Refreshment Break

10:45 a.m. Fiduciary Responsibility Issues for Business Interests in Trust – Ms. Loomis-Price

11:45 a.m. Questions and Answers

12:00 noon Lunch Break

VIDEO WEBCAST SEGMENT D $329

1:30 p.m. Sophisticated Transfer Planning Strategies for Business Interests– Ms. Zeydel

2:45 p.m. Networking and Refreshment Break

3:00 p.m. FLPing the Cards: Dealing with the IRS in Transfer Tax Audits Involving Family Limited Partnership Issues – Ms. Loomis-Price

4:00 p.m. Ethics Issues in Representing Owners of Family Businesses and Their Families – Messrs. Bourland and Manterfield

5:00 p.m. Questions and Answers

5:15 p.m. Adjournment for the Day

 

Friday, July 12, 2013

7:15 a.m. Networking and Continental Breakfast

7:30 a.m. WORKSHOPS (CHOOSE ONE): Please note workshops are not recorded or webcast

Appraising Your Client's Appraisal: A Litigator’s Perspective of What Owners and the IRS Look for in Valuation Reports – Ms. Loomis-Price

Sophisticated Transfer Planning and GST Compliance– Ms. Zeydel

VIDEO WEBCAST SEGMENT E $329

8:30 a.m. Key Person Retention—Practical Approaches for the Family Business – Mr. Ratner

9:30 a.m. Estate Planning for Business Owners in a Second Marriage – Mr. Manterfield

10:30 a.m. Networking and Refreshment Break

10:45 a.m. Administering the Estate of the Business Owner – Mr. Akers

11:45 a.m. Questions and Answers

12:00 noon Adjournment

 

Total 60-minute hours of instruction: (including optional breakfast workshops): 19, including one hour of ethics

For more information on CLE credits for a particular jurisdiction, click on the “Mandatory CLE Credit” link in the box titled, “Course Details,” at the top left of this web page.

Suggested Prerequisite: Limited experience in legal or business practice in subject matter or completion of Basic CLE Course in subject matter

Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner; provision of information on recent legal developments

Level of Instruction: Advanced

Click Here for MCLE Credit Information

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Here's what registrants have said about this course:

“This faculty seems very experienced – one of the best seminars I have ever attended.”

 

“Terrific course with outstanding, practice-oriented speakers. Anyone who practices primarily in this area should consider attending every 2-3 years!” – Lee F. Mercier, Dale, Bald, Showalter, Mercier & Green, P.A, Jacksonville, Florida

 

“As a person in the position of legal advisor and 2nd generation business owner I enjoyed hearing a family’s success story and learning what tools they used to get where they are today.” – Virginia Marie Woelper, Cleveland

 

“The combination of academic ideas and actual experience of the presenters is powerful and valuable! I am leaving this program with some practical applications which will benefit the clients with whom we work on their financial plan and business succession plan. The materials provided will also be valuable as reference in the future. This is my first ALI CLE course and I will definitely attend future courses.”

 

“The case study was terrific – more real world issues to stimulate creative thinking in our clients’ situations.”

 

“It was a phenomenal conference and I have gained tremendous knowledge to help me serve my clients.”

 

“An excellent program. This will be an annual event for someone in my office. It has an excellent mix of topics, all of which were well presented.”

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Course Details


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