NORTHERN IDAHO ESTATE PLANNING COUNCIL

Join us for this special panel discussion with Keith Atneosen, John Kamprath and  with moderator Tyler Snyder of Grady Financial Network.

Succession planning is necessary no matter the industry the business owner finds themselves in and often is more challenging than it should be. Clients with significant business assets present unique and complex planning challenges and we have all heard the statistics about businesses not succeeding past the first generation.  Proper planning and education, early and often, and developing the right team of advisors for your clients is crucial for putting the success in succession planning.

In this panel discussion we will cover succession planning topics and considerations like:

• Impact on Family Harmony
• Knowing there is more than one right answer
• Do Your Due Diligence (Advisor Due Diligence Just as Important at the Client Don’t Their Due Diligence)
• Know the Difference Between Control and Ownership and Why it is Important
• Don’t Neglect Review of Shareholder Agreements
• Opportunities When Planning with Newly Created Entities

·       And Planning Strategies:

• Gifts – Outright and In Trust
  • Transfers to SLATs and/or IGTs
• Sales to IGTs
• GRATs