Much of the existing scholarship on estate planning for business owners assumes the involvement of children and more remote descendants as the plan’s fiduciaries, stewards and beneficiaries. But recent research suggests that the U.S. nonparent population is growing in size and that business owners within this population may be more likely to consider their employees' interests in crafting the business owner's estate plan. With these trends in mind, this presentation's attendees can expect to learn about the following:

• How can a nonparent business owner benefit an employee without triggering negative income tax consequences?
• How might a focus on one’s employees as part of a business owner’s legacy shape a potential transfer of the business either at death (e.g., to key employees) or through a sale (e.g., to an ESOP or by leveraging employee-friendly contract terms?)
• What are the tricks and traps for a nonparent business owner looking to appoint an employee as a fiduciary?

Moderator:
René Morency, Advisor, Pathlight Law

Program Chair:
Justin Miller, Partner & National Direction of Wealth Planning, Evercore Wealth Management

Speakers:
Jennifer B. Goode, National Director, Bernstein Private Wealth Management
Karen Field, Senior Director, RSM
José M. Jara, Counsel, Fox Rothschild
Dan Sailer Katz, Director & Valuation Services, Sapper & Miller

Please note there is a cost to attend. CLE credits are available.