Program sponsored by the CBA Estate Planning and Trust Practice Group
“Business succession” certainly involves planning for when the owner controls exit, but it also involves planning for a sudden exit due to an owner’s disability or death. This presentation will cover the basics for planning for both possibilities, including essential documents, succession strategies, properly delegating authority, and avoiding pitfalls along the way.
- Asset Protection
- Using LLCs
- Subchapter (f) reorganizations
- Irrevocable Trusts
- Planning for Disability and Death
- Essential documents
- Ownership of the business vs. operation/management of the business
- Business in Probate
- Keeping businesses OUT of probate
- Estate Planning succession strategies
Speaker:
Michael J. Menninger (Mike) is an attorney/owner at Houck Menninger Law, LLC, licensed in Ohio, Indiana, and Kentucky. He is a Certified Specialist in Estate Planning, Trust and Probate law by the Ohio State Bar Association. Mike has nearly 20 years of practice experience, with more than decade focused exclusively on estate planning and related disciplines. He helps families implement simple and complex estate planning strategies, advising on tax and asset protection considerations. He also works with clients planning for special needs and planning for same-sex couples. Mike has served as faculty for the OSBA, Wealth Counsel State Forums, the National Business Institute, and Strafford Publications, among other organizations, teaching on a variety of subjects, including basic estate planning, trust and estate taxation, IRA planning, and irrevocable trust modification.
1.0 CLE Credit