Wealth Preservation and Succession for the Family Enterprise 2023

Course Date: June 7, 2023

Full Course Materials
Total: 5h 21min
Total Ethics: 1h

Welcome and Land Acknowledgement (9:00 – 9:10)

Nadia MyerthallProgram Lawyer, CLEBC, Vancouver
Cheyenne J.H. Reese
Legacy Tax + Trust Lawyers, Vancouver

Estate Planning Tools and Techniques (9:10 – 10:05)

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

Peter J. Glowacki  Borden Ladner Gervais LLP, Vancouver

Tax Planning for Family SuccessionFreezes, Trusts, and Traps (10:05 – 11:00)

  • why plan (not just to pay the lawyer)
  • freezes for generational transfer
  • trusts in the freeze context (on freeze and sunset of 21 years)
  • shareholders' agreements
  • real property disclosures and taxes
  • potpourri of practice tips and traps: compliance, integration with other planning, and health checks

Rose Shawlee  Boughton Law Corporation, Vancouver

BREAK (11:00 – 11:15)

Joint Tenancies (11:15 – 12:10)

  • how to create a joint tenancy
  • new filing requirements affecting joint tenancies (including real property and trusts)
  • benefits of joint tenancies
  • risks and traps of joint tenancies

Ingrid M. TsuiAlexander Holburn Beaudin + Lang LLP, Vancouver

NETWORKING LUNCH (provided) (12:10 – 1:10)

The Family BusinessGovernance and Strategic Advising for the Family Enterprise (1:10 – 2:00)

  • family businesses/family enterprise
  • strengths and challenges of the family enterprise
  • the three-circle model: taking a systems approach
  • understanding family dynamics of family business
  • family enterprise governance
  • governance structures for the family enterprise and its component systemsfamily, business, owners
  • family councils, shareholder forums, advisory boards, and other governance structures/mechanisms
  • role of strategic advisor to family enterprise clients; multi-disciplinary advising

Julia Y. Chung, CFP, CLU, FEA, TEP Spring Planning, South Surrey

The Intersection Between Family Law and Family Enterprise Wealth Preservation (2:00 – 2:50)

  • the breakdown of spousal relationships and the resultant challenges for the family enterprise
    • corporate interests
    • trust interests
  • using domestic agreements to protect the family enterprise
  • shareholders agreements as a means of managing risk

Scott L. Booth, KC Jenkins Marzban Logan LLP, Vancouver

BREAK (2:50 – 3:05)

Case Update and Litigation Highlights (3:05 – 3:55)

  • general update on estate and trust cases that may affect estate planning

Aaron Pearl Clark Wilson LLP, Vancouver

Concluding Remarks (3:55 – 4:00)

Cheyenne J.H. ReeseLegacy Tax + Trust Lawyers, Vancouver