Overlooked Techniques for Passing on the Family Business to the Next Generation When Some of the Children Do Not Participate in the Family Business.
Presented by Jerry Hesch
11:30 AM - 12:00 PM - Registration, Light Lunch, Networking
12:00 PM - 12:15 PM - Opening Remarks
12:15 PM - 1:30 PM - Presentation and Q&A
Description: An analysis of the practical and financial obstacles and available alternatives in passing ownership of a family business on to the next generation when the senior family member desires to treat all the children equally, but some of the children will not take an active role in running the family business Selling a business to key employees without reporting any gain using the preferred partnership structure.
Jerome M. Hesch, Miami, Florida serves as an income tax and estate planning consultant for lawyers and other tax planning professionals throughout the country. He is the Director of the Notre Dame Tax and Estate Planning Institute, scheduled this year for October 29 and 30, 2020 in South Bend, Indiana, on the Tax Management Advisory Board, and a Fellow of both the American College of Trusts and Estates Council and the American College of Tax Council. An accomplished author, he published numerous articles, Tax Management Portfolios, and co-authored a law school casebook on Federal Income Taxation, now in its fourth edition. He was elected to the NAEPC Estate Planning Hall of Fame.
He has presented papers for the University of Miami Heckerling Institute on Estate Planning, the University of Southern California Tax Institute, the Southern Federal Tax Conference, the AICPA, and the New York University Institute on Federal Taxation, among others. He participated in several bar association projects, including the Drafting Committee for the Revised Uniform Partnership Act. He received his BA and MBA degrees from the University of Michigan and a JD degree from the University of Buffalo Law School. He was with the Office of Chief Counsel, Internal Revenue Service, Washington, D.C. from 1970 to 1975, and was a full-time law professor from 1975 to 1994, teaching at the University of Miami School of Law and the Albany Law School, Union University. He is currently an adjunct professor of law, having taught courses in the past at the Vanderbilt University Law School, Florida International University Law School, the University of Miami School of Law Graduate Program in Estate Planning and the On-Line LL.M. Programs at the University of San Francisco Law School and the Boston University School of Law.
Members - $30.00
Non-Members - $45.00
Category of Track: Supporting Disciplines
Level of Track: Technical
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