Succession Planning for the Family Business (from Annual Advanced Estate Planning and Administration 2022)

A pre-recorded streaming VIDEO replay of one session from the May 2022 live seminar, The Conner-Zaritsky 43rd Annual Advanced Estate Planning and Administration Seminar.

Cosponsored with the Wills, Trusts and Estates Section of The Virginia Bar Association

There are many challenges and opportunities that confront owners of privately held (often family) businesses as they reach the point when they must consider appropriate succession planning. Succession planning is an area too often put off by the persons who most need to address it. This presentation reviews successful techniques to minimize taxes and pay for those that remain, facilitate orderly leadership changes, and position the business for future success.  This presentation also addresses issues such as control and cash flow for the business owner, dealing with family members in the business and family members not in the business, incenting key employees, and exit strategies.