Estate Planning for the Family-Owned Business

Effective Strategies for Business Transfer Through Inheritance, Gift or Sale

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

Conducted on Tuesday, June 28, 2011

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE course will prepare trust and estate attorneys to develop business succession strategies for family owned businesses. The panel will outline best practices for ownership transfer through inheritance, gift, sale or charitable gift.


Ninety percent of all U.S. businesses are owned by individuals who want to keep the business in the family. However, a low percentage of these businesses successfully transition to the next generation, primarily due to a lack of advance planning for management and ownership succession.

When a business is a family’s major asset, key considerations include maintaining liquidity, minimizing income, gift and estate tax, reviewing buy-sell agreements, valuing the business and insurance coverage, and identifying a source to buy out business interests, if needed.

The new estate tax law and the low gift tax levels currently in effect offer family business owners unique opportunities to pass their business to the next generation by inheritance or gift. As alternatives, selling the family business or charitable gifting may be part of the succession plan.

Listen as our authoritative panel of estate planning attorneys examines the various considerations for family business succession planning and discusses best practices to accomplish the owner’s personal and business goals. The panel will also highlight key issues in estate and gift tax law that impact business succession planning.



  1. Methods to transfer interest
    1. Inheritance
    2. Gift
    3. Sale
    4. Charitable Donation
  2. Succession planning for different business structures
  3. Active/Non-active family members in business succession
  4. Importance of business valuations
  5. Buy-Sell agreement
  6. Income and gift tax considerations
  7. Funding Sources


The panel will review these and other key questions:

  • What are the most common and effective methods of business interests transfer for the family-owned business?
  • What are the major tax issues involved in estate plans that include a family-owned business?
  • What issues should be addressed in considering the buy-sell agreement, the business valuation and the source for funding a possible sale of the business?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


Scott Nelson
Scott Nelson

Lommen Abdo Cole King & Stageberg

He is chair of the firm's Estate Planning Practice Group, and assists individuals and closely-held businesses with...  |  Read More

Brian Annino
Brian Annino

Annino & Ligon

He practices in the areas of business and commercial law, estate planning and probate, and tax law. He represents...  |  Read More

Scott R. Zucker
Scott R. Zucker

The Zucker Law Firm

His practice is dedicated to estate planning and complex trusts. He also maintains a financial planning practice with...  |  Read More

Martin S. Varon
Martin S. Varon

Alternative Resolution Methods

He is a CPA, CVA, CEBS, Certified in Financial Forensics, accredited in Business Valuations by NACVA, and is a...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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