CLE - Strategic Succession: Navigating the Legal and Psychological Framework of Business Exit Strategies - LIVE WEBCAST

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Strategic Succession: Navigating the Legal and Psychological Framework of Business Exit Strategies

March 2024 Probate & Trust Law Section Quarterly Meeting & CLE

This 2-hour CLE program begins with an overview of buy-sell agreements and the tax consequences for the buyer and seller depending on how the agreements have been designed.  Speakers will address the valuation challenges shareholders of corporations with insurance-funded stock-redemption agreements may now face as a result of the very different conclusions reached by the 11th Circuit in the Blount case and the 8th Circuit in the case of Connelly v. United States. The speakers will offer guidance for practitioners and appraisers to help their clients address those challenges.

In the second hour of the program, panelists comprised of estate planning, fiduciary trust, and business planning attorneys, will delve into the psychological complexities of business succession planning from the perspectives of current owners as well as future inheritors. Panelists aim to illuminate the emotional and practical challenges many owners encounter when contemplating exit strategies, including strategic sales, the implementation of employee stock ownership plans (ESOPs), and familial gifting. Moreover, the presentation will extend to the pivotal role practitioners play in guiding their clients through these transitions, offering insights into overcoming common obstacles and facilitating a smooth passage to future generations. Panelists will highlight strategies to increase the likelihood of a harmonious transfer of leadership and legacy, helping to solidify the success of the business beyond its current stewardship.

Attend this March 2024 Probate Quarterly CLE program to learn business exit/succession strategies, while understanding how to navigate the legal and psychological complexities when guiding clients through these transitions.

Featured Speakers (1st hour):
Dennis C. Reardon, Esq.
Reardon & Associates, LLC

Michael Rogers, Esq.
Salvo Rogers Elinskis & Scullin

Faculty (2nd hour):
Moderator:
Ross Bruch, Esq.
Managing Director, Senior Wealth Planner
Brown Brothers Harriman & Co.

Panelists:
Sean-Tamba Matthew, Esq.
Shareholder, Stevens & Lee, P.C.

Erin E. McQuiggan, Esq.
Partner, Duane Morris, LLP

Marguerite Weese, Esq.
Chief Operating Officer
Wilmington Trust Emerald Family Office & Advisory

Course Planners:              
Devin S. Fox, Esq.
Of Counsel, Stevens & Lee, P.C.

Kathryn E. Ott, Esq.
Associate, Stevens & Lee, P.C.

Login link and materials link will be provided via email late the morning of the program.

VIRTUAL ONLY:
Via LIVE Webcast on your computer, tablet or smart phone

Cancellation policy for live, video, webinar, podcast, and telephone registrants 

If cancelling your registration, you must notify the Philadelphia Bar Association by email CLEcancel@philabar.org or FAX 215-238-6349 no later than 2 business days prior to the course presentation date for the appropriate site, in order to receive a 100% refund; 1 business day or less, you will receive a full tuition refund minus a $25 administrative fee. Transferring a registration to a substitute course date and time are welcomed. If you do not attend the course and did not notify Philadelphia Bar Association in the appropriate advanced notice, you will receive the course materials in full consideration of tuition paid.