Thursday, October 10, 2013
Wealth Management is sponsoring a webinar entitled, Family Business Succession Essentials: New Approaches To An Old Dilemma, on October 23, 2013. Provided below is a description of the event:
As many estate and financial planning professionals are painfully aware, family businesses don't always survive the generations—and this failure has little to do with the tax planning. For business owners who are emotionally torn between seeing their businesses continue and appeasing descendants, succession planning can be incredibly complicated. Dividing cash, brokerage accounts and even real estate among descendants can be relatively clearcut, but an operating business isn't so easily separated. How can estate planners help clients increase the odds that their family business will succeed through the generations?
This webinar focuses on the critical issues and factors in family business succession planning that typically aren't found in tax codes, law schools, law firms, or accounting or financial institutions. Attend and you will:
- Gain a better understanding of the reasons that most family businesses do not successfully pass to the next generations—including some that might even surprise you
- Learn the complicated personal and family dynamics involved in the transition of the family business from the owner's, children's, employee's and business' perspectives
- Acquire knowledge and information regarding modern solutions and innovative business structures to solve the family business succession issues, including "Self-Management"
- Become better versed with practical techniques, necessary legal documents, and coordinated approaches to properly advise and guide the business succession planning.