Business Succession Planning: Estate Planning Vehicles, Common Issues, Best Practices

A live 90-minute CLE webinar with interactive Q&A

Tuesday, May 21, 2019

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 2/26/2019!)

or call 1-800-926-7926

This CLE webinar will provide estate planning counsel and advisers with guidance in developing and implementing a formal business succession plan. The panel will discuss how to build a business case for succession planning and best practices for assisting the in executive team putting a plan in place.


There are few events in the life of a business that are as critical as replacing an owner. Without a firm succession plan in place, there is a high risk that the company will fail. Replacing an owner is not only stressful on the successor owner, but also the employees, customers, suppliers, and other stakeholders in the business.

As advisers, there are several essential aspects involved in succession planning for a private business. General discussions regarding estate planning vehicles and the events that should trigger succession plans are at the top of the list. However, identifying the successor owner and timing the transfer of ownership are also critical topics.

Estate planning counsel and advisers can provide guidance to the company by building a business case for succession planning and helping their senior team put the necessary time and thought into the process.

Listen as our distinguished panel discusses the importance of a formal business succession plan, what terms to include in such a plan, and an estate planner's role in drafting it. The panel will also discuss best practices for estate planning counsel in maintaining the succession plan for executive level employees, as well as other employees whose unexpected departure would disrupt the business.



  1. Overview of succession planning and its importance
  2. Discussion of how estate planning counsel can work to draft and maintain a business succession plan
  3. Common types of succession planning vehicles
  4. Common issues with succession planning
  5. Best practices for maintaining and updating a formal business succession plan


The panel will review these and other relevant topics:

  • Why is succession planning important for all businesses?
  • What is an estate planner's role in drafting and maintaining a business succession plan?
  • What are the common types of succession planning vehicles?
  • Which employees should be included in a company's succession plan?


Whitty, Michael
Michael D. Whitty

Freeborn & Peters

Mr. Whitty concentrates his practice in estate planning, taxation, and estate and trust administration. He is a...  |  Read More

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