Tactical and Practical Business Succession and Estate Planning
with Lee Resnick

In understandable language, club owners will learn about proposed tax law changes that could have a direct impact on their overall wealth. In addition, there will be a discussion surrounding vital strategies in the areas of business succession and wealth preservation as well as the eventual transition of assets with a special focus on your club. Among the areas of focus will be why profitable businesses ultimately fail, the importance of club owners coordinating business succession plans with estate plans, addressing active vs. inactive children within a family business, liquidity issues, valuation methodologies that will satisfy the IRS while lowering the tax bill, the proper type of buy-sell agreement that allows for maximum tax savings/cost efficiency and frequent insurance funding mistakes that oftentimes result in massive tax liabilities that could have been legally avoided. The session concludes by tying in many of the areas of the seminar discussion into a compelling real-life family business case!