Focus on what counts

Business Succession Planning: A Discussion on How to Help Your Clients Navigate the Legal, Tax, and Family/Fairness Issues

Mar 12, 2021
Howard Klein


Friday, March 12, 2021  8:30 AM - 10:30 AM ET (5:30 AM - 7:30 AM PT)



Join Partner and Trust and Estate Practice Leader Howard Klein and Michael Markhoff of Danziger & Markhoff LLP as they discuss Business Succession Planning - How to Help Your Clients Navigate the Legal, Tax, and Family/Fairness Issues. 

This session will cover the importance of having your clients involve their team of advisors (including their attorney, accountant, banker, financial and insurance advisor, business coach, and appraiser) when preparing an exit plan so that the business is transitioned in an orderly manner to the next generation or to a non-family owner. We will discuss the use of S Corporations (or LLCs), commercial real estate, death benefit only employment contracts as sources of income for the surviving spouse; allocating stock in a family corporation among actively employed children and inactive children; and using recapitalizations, installment sales to intentionally defective grantor trusts, GRATs as techniques to shift future appreciation to the next generation. We will also discuss determining inside and outside basis on an S Corporation stock and tax issues regarding negative capital accounts. 

Click the button below to register through Westchester County Bar Association to attend this webinar session.