Selling Mom’s and Dad’s Business to the Kids

Sometimes, the owners of a small family business wish to transition to retirement by selling their business to one or more of their children. When they do, the owners’ trusts and estates lawyer can help them with the transaction by stressing greater tax efficiency, lower financial risk, and increased odds of success for their children. This presentation will outline a step-by-step process for planning and implementing the transaction, including tax considerations, funding mechanisms, transaction documents, owners’ agreements, and updated estate plans.

Presented by: Gregory Monday, JD

CLE: 1.0 General credit

Approved States: CA, CO, GA, IL, NJ, NV, NY, OK, PA, TN, UT, VT

(AK, AR, AZ, CT, ND, MO, NH, & TX are eligible to claim credit.)

We will supply you with the information needed to apply in other states.

Contact shopcle@wealthcounsel.com for CLE assistance.

WealthCounsel members: This CLE eligible program may be complimentary for WealthCounsel members, depending upon their subscription bundle.  Please access and view it here via the member website for optimal experience and inclusion in your CLE Profile Account.