Burke and Colucci to present on Pre-transaction Planning for Selling a Closely-held Business

McLane Middleton attorneys Steven M. Burke and John D. Colucci will be presenting at The American Academy of Attorney-CPAs (AAA-CPA) ‘Pre-transaction Planning for Selling a Closely-held Business’ seminar on Wednesday, January 27, 2016 at McLane Middleton’s Woburn office.

Program Description:
When the owner of a closely-held business is contemplating a sale, financial and legal advisors can add value by identifying and implementing strategies that can generate income and estate tax savings. In this session, we will describe specific strategies that are particularly valuable to a selling business owner in today’s regulatory environment. These include grantor-retained annuity trusts, charitable remainder trusts, asset protection trusts, spousal limited access trusts, lifetime gifting and employee stock ownership plans. We will discuss how each of these vehicles can further a business owner’s personal, family, and charitable goals and their relative advantages and disadvantages.

Learning Objectives:

  • Be able to identify basic estate planning documents that should be in place for owners of a closely-held business
  • Understand taxation of lifetime gifting and effect of discounting
  • Understand legal requirements and federal estate/income taxation of advanced estate planning strategies, including
    • grantor-retained annuity trusts
    • charitable remainder trusts
    • asset protection trusts
    • spousal limited access trusts
    • employee stock option plans
  • Understand circumstances in which each of the above should be considered when advising owners of a closely-held business
  • Understand effect of timing on effectiveness of these strategies  


For additional information about this seminar, please click here.