Wealth Preservation and Succession for the Family Enterprise


Course Date: May 06, 2016

Total: 5h 58min

Welcome and Introduction

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Governance and 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
  • role of strategic advisor to family enterprise clients
  • governance structures for the family enterprise and its component systems (family, business, owners)
  • examining family councils, shareholder forums, advisory boards, and other governance mechanisms
  • communication and process for each system
  • family employment policies
  • grooming successors
  • establishing consensus and common vision, mission, and values

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Estate Planning Tools and Techniques

  • wills and multiple wills
  • other estate planning tools
  • alter ego/joint partner trusts
  • other inter vivos trust planning
  • planning for incapacity
  • charitable giving strategies

Laura West — Bull, Housser & Tupper LLP, Vancouver

Networking Break 

Tax Planning for Family Succession—Corporate and Trust Structures

  • corporate and trust structures for inter-generational planning
  • freeze alternatives and strategies
  • corporate attribution risks and implications
  • family trusts and 21st anniversary planning

Alexander Demner — Thorsteinssons LLP, Vancouver 

Legislative Changes and Update Highlights

  • Wills, Estates and Succession Act
  • wills variation issues
  • Adult Guardianship and Planning Statutes Amendment Act
  • new Societies Act

Jocelyn M. Le Dressay — Owen Bird Law Corporation, Vancouver

Networking Lunch

Legacy and Inter-Generational Agreements

  • shareholders agreements
  • marriage agreements
  • family legacy agreements
  • policies
  • mechanisms for dispute resolution

Mark Bickford — Koffman Kalef LLP, Vancouver 

Strategic Ownership Options: Business Ownership and Succession

  • continued ownership
  • liquidity or monetization event
  • selling or retaining the enterprise
  • retaining family ownership with non-family management
  • sale to a family member
  • sale to strategic buyer or consolidator
  • management buy-out
  • sale to a third party
  • managing post-liquidity consequences

Shane Dunn — Partner and Senior Vice President, M&A Lead Advisory, Ernst & Young, Calgary

Networking Break

Case Update and Estate Litigation Highlights

  • resulting and constructive trusts
  • wills variation issues
  • Fraudulent Conveyance Act
  • incapacity
  • Wills, Estates and Succession Act
  • conflicts of interest

Hugh S. McLellan — Herbert McLellan, Vancouver

Concluding Remarks

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver