New Trends in Family Transitions
February 20 @ 7:30 am - 9:30 am EST
*Note* Looks like we may get some snow! Our inclement weather policy to to follow OPM (see status here). If delayed / closed, our event will be cancelled. Tickets may either be refunded or rolled forward to next month.
Newly released data indicates poor succession rates and a failure traditional succession planning models often having to do with different generational attitudes and diverse model families (Read: those darn millennials!). Adding complexity: recently issued/proposed tax regulations on the current estate and business planning models.
In this session we offer general perspective on succession planning involving new family models and millennials, provide tools and tips for navigating the complexities, and go over specific legal solutions.
Open Networking -
7:30 am - 8:00 am
Mix and mingle with a great crowd!
New Trends in Family Transitions -
8:00 am - 9:30 am
We will review unique issues business owners should consider if they wish to transition their companies (or the sales value of their companies) to succeeding generations.
- What strategic issues should business owners consider when younger generations ascend into ownership or management positions? Younger generations think differently about philanthropy, social responsibility, management transition, talent development, employee incentives, digital technology and intellectual property.
- What options are available when heirs are disinterested in the family business and the family wishes to leave a philanthropic legacy (or at least save taxes on the sale of the business)? We will review the unique opportunities for tax-wise giving around the sale of a business, through direct charitable gifts, donor advised funds, charitable remainder trusts and charitable lead trusts.