Wealth Preservation and Succession for the Family Enterprise

Estate planning and beyond

"Last Kick at the Can" Rebroadcast
Monday, December 12, 2016; 9:00 am – 4:00 pm

(Original course: Friday, May 6, 2016) 

Who should attend: Lawyers practicing in the areas of wealth preservation, wills, trusts, succession, estate planning and corporate law; the course may also be of interest to accountants, family enterprise advisors, trust officers, and investment and financial advisors.

Learning level: Intermediate/Advanced

This course will look at the dynamics of a family enterprise and the inter-relationship between family, business/management, and owners. We will discuss how best to guide and advise families as they plan for wealth preservation and inter-generational succession. We will look at governance, communication and process, estate planning tools and techniques, tax planning, various agreements, and strategic ownership options. We will address recent developments in applicable legislation including WESA.

After taking this course you will...

• be aware of governance structures and strategic ownership options
• know how to use various estate planning tools and techniques
• be aware of tax planning issues for family succession
• be up-to-date on legislative changes and case law developments

Kudos from past participants

"The course covered a wide range of issues."

"I learned a lot about the mechanics of wealth preservation and about the complexity of motivating a family involved in family enterprises."

"A reminder that this area of practice cannot be disassociated from the human aspects of a closely held family enterprise."

This course will be paired with Income Tax Fundamentals for the Estate Practitioner on Friday, April 15, 2016. Take both courses and SAVE! See below for special pricing, and click here to register for both. 

Law Society of BC CPD Hours: 6.5 hours (a minimum of 1 hour will involve aspects of professional responsibility and ethics, client care and relations, and/or practice management)

Course Chair
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Pricing

"Last Kick at the Can" Rebroadcast: $475

Registration includes an electronic copy of the course materials.

SPECIAL GROUP RATES! New "plus-one" pricing!
Gather around one computer and SAVE on Live Webinar/Rebroadcast costs. Pay full price for the first registration and have each additional viewer join you for $125 per day. Contact Customer Service for more info.

Can't make the live course/live webinar?

Course Chair
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Josephine was the founder and Chair of the Professional Advisory Committee of the Business Families Centre, Sauder School of Business, a member of the Business Families Centre Board, and Director of the PriceWaterhouseCoopers Centre for Entrepreneurs and Family Business (Western Canada). She continues to be actively involved in the community, and holds director and trustee positions with various private companies, trusts, and charitable foundations.

Faculty
Mark Bickford — Koffman Kalef LLP, Vancouver
Alexander Demner — Thorsteinssons LLP, Vancouver
Jocelyn M. Le Dressay — Owen Bird Law Corporation, Vancouver
Shane Dunn — Partner and Senior Vice President, M&A Lead Advisory, Ernst & Young, Calgary
Hugh S. McLellan — Herbert McLellan, Vancouver
Josephine M. Nadel — Owen Bird Law Corporation, Vancouver
Ian Smith — Vice President, Corporate Finance, Ernst & Young, Vancouver
Laura West — Bull, Housser & Tupper LLP, Vancouver

Welcome and Introduction

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Governance and Strategic Advising for the Family Enterprise

• strengths and challenges of the family enterprise
• the three-circle model: taking a systems approach
• understanding family dynamics of family firms
• role of strategic advisor to family enterprise clients
• governance structures for the family enterprise and its component systems (family, business, owners)
• examining family councils, shareholder forums, advisory boards, and other governance mechanisms
• communication and process for each system
• family employment policies
• grooming successors
• establishing consensus and common vision, mission, and values

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver

Estate Planning Tools and Techniques

• wills and multiple wills
• other estate planning tools
• alter ego/joint partner trusts
• other inter vivos trust planning
• planning for incapacity
• charitable giving strategies

Laura West — Bull, Housser & Tupper LLP, Vancouver

Networking Break 

Tax Planning for Family Succession—Corporate and Trust Structures

• corporate and trust structures for inter-generational planning
• freeze alternatives and strategies
• corporate attribution risks and implications
• family trusts and 21st anniversary planning

Alexander Demner — Thorsteinssons LLP, Vancouver 

Legislative Changes and Update Highlights

• Wills, Estates and Succession Act
• wills variation issues
• Adult Guardianship and Planning Statutes Amendment Act
• new Societies Act

Jocelyn M. Le Dressay — Owen Bird Law Corporation, Vancouver

Networking Lunch

Legacy and Inter-Generational Agreements

• shareholders agreements
• marriage agreements
• family legacy agreements
• policies
• mechanisms for dispute resolution

Mark Bickford — Koffman Kalef LLP, Vancouver 

Strategic Ownership Options: Business Ownership and Succession

• continued ownership
• liquidity or monetization event
• selling or retaining the enterprise
• retaining family ownership with non-family management
• sale to a family member
• sale to strategic buyer or consolidator
• management buy-out
• sale to a third party
• managing post-liquidity consequences

Shane Dunn — Partner and Senior Vice President, M&A Lead Advisory, Ernst & Young, Calgary

Networking Break

Case Update and Estate Litigation Highlights

• resulting and constructive trusts
• wills variation issues
• Fraudulent Conveyance Act
• incapacity
• Wills, Estates and Succession Act
• conflicts of interest

Hugh S. McLellan — Herbert McLellan, Vancouver

Concluding Remarks

Josephine M. Nadel — Owen Bird Law Corporation, Vancouver