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Family and Business Succession Planning provides an authoritative, insider's perspective on understanding the impact of evolving tax matters on developing successful succession strategies. Featuring experienced partners from law firms across the nation, these experts resolve notable issues concerning clients, including dependent children considerations and probate, and outline the particulars of new trends and regulations affecting succession planning. These top lawyers offer specific advice on navigating volatile marketplace changes, forming a succession team, and staying up-to-date on the laws governing this area, including the Patient Protection and Affordable Care Act (PPACA) and 2012 American Taxpayer Relief Act (ATRA). From integrating life insurance into succession strategies to utilizing various methods for transferring a family business, these experts divulge best practices in helping clients provide for their family after death and draft plans that reduce estate tax consequences. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today, as these experienced lawyers offer up their thoughts on the keys to success within this constantly-changing legal field.
Inside the Minds provides readers with proven business and legal intelligence from leading C-Level executives and lawyers. Each chapter offers thought leadership and expert analysis on an industry, profession, or topic, providing a future-oriented perspective and proven strategies for success. Each author has been selected based on their experience and C-Level standing within the business and legal communities.
Chapters Include:
1. Julius H. Giarmarco, JD, LLM, Chair, Trusts and Estates Practice Group, Giarmarco Mullins & Horton PC - "Succession Planning for the Family-Owned Business"
2. Allan C. Bell, Chair, Trusts and Estates Practice Group, Sills Cummis & Gross PC - "Do Not Be Fooled: Non-Tax Reasons That Make Succession Planning More Important Than Ever Before"
3. Daniel G. Brown, Shareholder, Barulich Dugoni Law Group Inc. - "Tax Law Changes Alter Client Reasons for Seeking Estate Planning"
4. Rett Peaden, Shareholder, Davis Matthews & Quigley PC - "A Shift in Focus from Estate Planning to Income Tax Planning"
5. Jayna M. Voss, Partner, Cutler & Donahoe LLP - "Creating A Personalized Business Succession Plan: Tips for Attorneys"
6. Alan D. Freer and Brian K. Steadman, Partners, Solomon Dwiggins & Freer Ltd. - "Attention to Client Considerations When Designing a Business Succession Plan Ensures Effective Implementation"
7. P. Haans Mulder, JD, MST, CFP, Partner, Cunningham Dalman PC - "Family Business Succession: it is All About Family Dynamics"
Appendices Include:
Appendix A: Intentionally Defective Irrevocable Trust: Provisions Establishing Grantor Trust Status
Appendix B: IRC 303 Redemption Agreement
Appendix C: Purchase Agreement for Sale to an Intentionally Defective Irrevocable Trust
Appendix D: Promissory Note for Sale to an Intentionally Defective Irrevocable Trust
Appendix E: Estate Planning Questionnaire
Appendix F: Periodic Client Contact Letter
Appendix G: Business Succession Planning Form
- Sales Rank: #4101241 in Books
- Published on: 2015-01-01
- Original language: English
- Binding: Paperback
- 200 pages
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Great book with a lot of important information.
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