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

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, May 21, 2019

Recorded event now available

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This CLE course will provide counsel in developing and implementing such a process and an appropriate succession plan. The panel will discuss how to build a business case and address other needs to help create a successful succession plan and process.


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. We will be discussing estate planning vehicles, corporate matters, financial issues, and other items. This discussion will help you market to existing clients and prospective clients early on in the process, which will help yield better results for everyone. The panel in this webinar believes strongly in a cross-disciplinary approach in working with clients and developing a plan early on in 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?
  • How to build a collaboration cross-disciplinary approach to help in the succession plan and its implementation.
  • Why is the process important?


Jessica Coutré

Freeborn & Peters

Ms. Coutré is an attorney in the Corporate Practice Group. She concentrates her practice in estate planning,...  |  Read More

Hawthorne, Michael
Michael de León Hawthorne

Dickinson Wright

Mr. Hawthorne is a Member and Chair of the Washington D.C. Corporate Practice at Dickinson Wright. He is nationally...  |  Read More

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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