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Upcoming Presentations
February 18, 2010
Webinar--"Do You "Trust" Using "Trusts"?
Do You “Trust” Using “Trusts”?
Presenters Larry Hause, Fredrikson & Byron of Minneapolis, MN and
Steven Schrader, Dacotah Bank Trust of Aberdeen, SD
Many family businesses will be in some form of transition in the near future, and it is likely trusts will be a tool used to transfer the family wealth. Trust planning often just focuses on tax objectives, ignoring the practical question “Are trusts the right tool for my family enterprise?” For example, you may be asking: What does a trustee do? Will the trustee run my business? How do I select a trustee? How does a trustee relate to management? What do the beneficiaries do? Unfortunately for families, the transition of their enterprise will create enough potential for conflict that understanding this transition tool is a must!
If trusts are a part of the transition of your family business or you are considering using trust, you’ll not want to miss participating in this call. We’ll cover what type of trust is appropriate for your transition needs; the roles, responsibilities, authority and accountability of trustees and beneficiaries with respect to each other and your enterprise; and how to select, evaluate, and change the trustee. The call will help you use trusts more effectively to transition your enterprise. Advisors to family enterprises may learn how to use trusts for their tax planning to expand the value they bring to existing or new clients.
Join the Prairie Family Business Association's sponsor representatives, Steven Schaeffer, Senior Vice President of Dacotah Bank Trust, and Larry Hause, Family Business Consultant and Attorney from the law firm of Fredrikson & Byron, P.A., as they help families understand the complexities of using trusts to transfer the family enterprise.
What the program will cover:
- Review the “trust basics” (what are they, who is involved, what do they do)
- Understand the objectives of using a trust
- Learn the benefits of using a trust to transfer ownership of wealth or the family business
- Successful situations where trusts are used
- Examples of what impacts the “trusting” of “trusts”
- Ideas that increase the “trusting” of “trusts”
- Advisors to family businesses will learn ways to address problems they currently have and expand the value they can bring to existing or potential clients with trusts.
Do you TRUST using a "trust"?
- The market and use of trusts to own family businesses
- Challenges with using trusts to own family enterprises
- Solutions to address these challenges
Contact: Beth Adamson
May 25 & 26, 2010
Sydney, Australia
Family Firm Institute's The Essentials
What family business advisors need to know™
About the Program
Sophisticated advisors to family business know that the complexities of the family business system require the integration of insights from a variety of disciplines. Participants in this seminar join a faculty of experienced family business advisors with differing professional backgrounds to focus on identifying and integrating insights from law, finance, management science and behavioral science to solve the problems that appear in the cases presented for study and analysis.
Goals
Participants in this seminar will gain:
- An awareness and exposure to concepts, skills and techniques necessary to optimize their effectiveness as family business advisors.
- An understanding of the ethical issues and challenges facing family business advisors and consultants.
- New insights into business family issues and dynamics through the introduction and application of family business models and concepts.
- Cutting-edge information on resources available for exploring the core disciplines in more depth.
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