Friday, October 20

8:30AM – 11:30AM
Closely Held Businesses (Tax) and Business Planning Group (PT)
Closely Held Businesses Chair: John O. Tannenbaum, Law Offices of John O. Tannenbaum, Hartford, CT
Business Planning Group Chair: Hugh F. Drake, Brown Hay and Stephens LLP, Springfield, IL

8:30am             Committee Welcome and Administrative Matters. 

8:40am             Estate Tax Planning for the Transfer of Business Interests:  Structuring Transfers of Businesses for Estate Tax Planning Purposes – Use of Grantor Retained Annuity Trusts (GRATs), Self-Canceling Installment Notes (SCINs), Sales to Irrevocable Grantor Trusts (IGTs), Preferred Partnerships and Private Annuities.  Income tax, transfer tax and business planning for each transaction at inception and during operation and death of grantor/seller before full payment. Moderator/Panelist: Steven B. Gorin, Thompson Coburn LLP, St. Louis, MO. Panelists: William S. Forsberg, Parsinen Kaplan et al PA, Minneapolis, MN; Stephen E. Parker, JPMorgan Private Bank, Atlanta, GA; Rana H. Salti, Winston & Strawn LLP, Chicago, IL.

10:10am            Estate Tax Planning for the Transfer of Business Interests:  Continuation of Discussion of GRATs, SCINs, Sales to IGTs and Private Annuities, including Marital Deduction Planning.  Moderator/Panelist: Steven B. Gorin, Thompson Coburn LLP, St. Louis, MO. Panelists: William S. Forsberg, Parsinen Kaplan et al PA, Minneapolis, MN; Stephen E. Parker, JPMorgan Private Bank, Atlanta, GA; Rana H. Salti, Winston & Strawn LLP, Chicago, IL.

10:40am           Estate Tax Planning for the Sale of Business Interests:  Continuation of Discussion of GRATs, SCINs, Sales to IGTs, Preferred Partnerships and Private Annuities.  Discussion will include Post-Mortem Income Tax and Marital Deduction Planning and Cash Flow Issues – Effect on GRATs, SCINs, Sales to IGTs and Private Annuities.

2:30PM – 6:00PM

Closely Held Businesses (Tax); Business Planning Group (PT); and Litigation and Controversy Group (PT)

Closely Held Businesses Chair: John O. Tannenbaum, Law Offices of John O. Tannenbaum, Hartford, CT
Business Planning Group Chair: Hugh F. Drake, Brown Hay and Stephens LLP, Springfield, IL.

2:30pm             Planning for the Succession of Control of Assets, including Choice of Entity Issues, and Selected State and Local Tax Considerations.  Moderator/Panelist:  James D. Spratt Jr, King & Spalding LLP, Atlanta, GA. Panelists: John R. Shaughnessy Jr, Robinson & Cole LLP, Hartford, CT; M. Ann Cox, Mellon Private Wealth Management, Atlanta, GA.

4:00pm             Dispute Resolution Before and/or After Death of the Entrepreneur For Unrelated Families and/or Dysfunctional Families. Moderator/Panelist: Patricia H. Char, Preston Gates & Ellis LLP, Seattle, WA. Panelists: Gerard G. Brew, McCarter & English LLP, Newark, NJ; James R. Wade, Wade Ash Woods Hill & Farley PC, Denver, CO; J. Randolph Robida, J. Randolph Robida PC, Denver, CO.

5:30pm             Closely Held Businesses Committee Planning Meeting.