Wealth Preservation and Succession for the Family Enterprise: Estate Planning and Beyond 2012
Course Date: April 25, 2012
Course Date: April 25, 2012
Welcome and Introduction
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver
Strategic Advising for the Family Enterprise
- strengths and challenges of the family enterprise
- the three-circle model: taking a systems approach
- understanding family dynamics of family firms
- being a strategic advisor to family enterprise clients
Wendy Sage-Hayward — Concentrix Solutions Inc., Vancouver
Governance
- governance structures for the family enterprise and its component systems (family, business, owners)
- forms of communication for each system
- examining family councils, shareholder forums, advisory boards, and other governance mechanisms
- establishing consensus and common vision, mission, and values
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver
Networking Break
Legislative Changes and Update Highlights
- Wills, Estates and Succession Act
- Adult Guardianship and Planning Statutes Amendment Act
Tamara G. Wong — Borden Ladner Gervais LLP, Vancouver
Estate Planning Tools
- wills
- trusts—alter ego/joint partner trusts, family trusts, voting trusts
- beneficiary designations
- powers of attorney/alternate directors
- representation agreements
- letter of wishes
- shareholder agreements
- marriage agreements
Sally Dennis — Farris, Vaughan, Wills & Murphy LLP, Vancouver
Networking Lunch (provided)
Case Update and Estate Litigation Highlights
- wills, estates, and succession
- Wills Variation Act
- Fraudulent Conveyance Act
- incapacity
Duncan J. Manson — Owen Bird Law Corporation, Vancouver
Strategic Ownership Options: Business Ownership and Succession
- demographic realities
- typical entrepreneur
- selling or retaining the enterprise
- retaining family ownership with non-family management
- sale to a family member
- management buy-out
- sale to a third party
Pirooz Pourdad — PricewaterhouseCoopers, LLP, Vancouver
Networking Break
Income Tax Considerations with Family Succession Plans
- freezing strategies to minimize taxation
- corporate attribution risks and implications
- tax-efficient ownership structure for family enterprises
- family trusts and 21st anniversary planning
- post-mortem planning
David R. Baxter — Thorsteinssons LLP, Vancouver
Concluding Remarks
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver
Date:
April 25, 2012
Course:
Contributor(s):
Date:
April 25, 2012
Course:
Contributor(s):