Lack of Success in Succession Planning
1 Hour ($67 Taxes included)
How does the family owned business plan for the transition of their business and their wealth. What are the tax and estate consequences and planning opportunities available to the family owned business when working on succession planning? We will look at some insurance solutions, estate planning solutions and tax planning techniques commonly used in working with family owned businesses and planning for the transition of their wealth and their business. The course concludes with 4 family owned business cases in which we cover lessons learned and the errors commonly occurring with succession planning.
Learning Objectives
Students will be walked through real-life stories and on what ‘not to do’ on planning for the transition of a family-owned business. Combination of technical and soft skills covered.
Topics Covered
Tax and insurance planning techniques on addressing how to guide family-owned businesses through succession planning.
Instructor
Tony Salgado, CPA, CA, CFP, CLU