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10 results found
Starting and Sustaining Family Meetings: An Insider’s Guide
Publish Date:
Apr 03 2019

Evidence suggests that good communication is a cornerstone of successful wealth transfer among families and those family meetings are a good platform for communication. Is there such a thing as “bad” communication or a “bad” family meeting? How does one undertake the good and avoid the bad? Join us for some best practices, important tips and lesson...

10 Common Mistakes Managers Make
Publish Date:
Mar 21 2018

Managing individuals is tough, especially if they are family members or from a different generation. Managers are bound to run into situations that they feel ill-equipped to handle, which leads to mistakes that can cost the organization in time, talent, money, and reputation. In this session, we’ll explore the typical situations where managers can ...

Handling Management Transition Challenges in Family Business Succession Plans
Publish Date:
Jun 04 2018

Succession planning for a family business inevitably requires planning for the transition of the management team. This transition presents several challenges, including dealing with non-family managers and with a family member who is not suited for a leadership role in the business. These difficulties are not insurmountable, and, with clear communi...

New Bill Proposes Family Offices Register with the SEC and Begin SEC Reporting
Publish Date:
Aug 20 2021

Currently, family offices are typically exempted from the requirement to register with the SEC as investment advisers. But this may change after the United States House of Representatives Committee on Financial Services gave support to the HR 4620 bill that may be a harbinger of efforts to impose additional oversight of family offices in the f...

Update on Proposed Tax Changes Affecting Estate Planning
Publish Date:
Nov 09 2021

The White House released a retooled framework for the Build Back Better Act on October 28, 2021. Notable aspects of the Biden framework that will affect estate planning include estate and gift tax exemptions, grantor trusts, valuation rules, and the new surtax on high earners and non-grantor trusts—which could bring the total surtax to 8%). I...

The IRS is Shifting Audit Attention to Large Partnerships and Wealthy Individuals
Publish Date:
Dec 05 2023

Over the past 15 years, the IRS has attempted to ramp up its scrutiny of wealthy individuals. With billions in new funding promised under the Inflation Reduction Act, the IRS has announced additional tax enforcement efforts focused on the wealthiest filers, including high-income individuals, partnerships, and large corporations. Attorney Erin Lasen...

Three Estate and Gift Tax Strategies to Consider Before Selling Your Business
Publish Date:
Aug 14 2023

For a business owner considering the sale of their business, there are two competing goals: maximizing the proceeds from the sale and minimizing the transfer taxes that will be due on the owner’s enhanced estate. With additional insights, Warner Partner Beth O’Laughlin discusses possible ways to accomplish both of these goals through gift and estat...