THE INTERSECTION OF AN INCOMPETENT BENEFICIARY, A DEPLETING BUSINESS ASSET, A PROBABLE LARGE ESTATE TAX, AND FAMILY DISFUNCTION

EPI ORANGE COUNTY CHAPTER

Yes, this is what we officially call a "Hairy" case! Join Ann and David as they consider how to manage a convoluted case where the Fiduciary is facing a multitude of converging issues, including:

  • A business that is losing value ("Moving Parts, Inc.");
  • A key person component held by the majority shareholder with a shortened life span (1-2 years);
  • A healthy spouse who is desiring divorce and has no business control;
  • The potential for a heavy estate tax liability now, worsening with tax law changes;
  • Heirs who are scared or nervous, don't get along, and may want to exert more influence in the family, business, and handling of the estate.

Come hang out with your fellow EPI members as we all work together to decide what is our business owner to do and how should we, as the fiduciaries, advisor her?

Learning Objectives:

  • To whom do we owe legal or fiduciary duty and in what order of priority?
  • Understand the various Fiduciary Duties, such as:
    • Duty of Loyalty
    • Duty of Impartiality
    • Duty of Confidentiality
    • Duty to Disclose/Inform
    • Duty of Care and Preservation of Assets
    • Duty to Defend and Enforce Claims

About our Presenters:

Hear from industry experts, Ann Rosevear, President and Chief Trust Officer for Dunham Trust Company, and David Osgood, Senior Trust Officer for Dunham Trust Company.

Thank you to our Sponsors

Event Location

Event Details

Date: Thursday, May 09, 2024
Time: 2:30 pm - 4:00 pm Pacific Time
Where: Maggiano's South Coast | 3333 Bristol St., Costa Mesa, CA 92626
Cost: Free
Register Now

Who Should Attend?

  • Attorneys

    You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.

  • CPAs/Accountants

    Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.

  • Wealth Managers

    You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.

  • Financial Advisors

    One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.

  • Valuation Analysts

    Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.

  • Investment Bankers

    Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.

  • Estate Planners

    Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.

  • Strategic Consultants

    One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.

  • Insurance Professionals

    Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.

  • Mergers & Acquisition Advisors

    Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.

  • Family Business Advisors

    More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.

  • Commercial Lenders

    One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.

  • Other Professional Advisors

    Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.

  • Private Business Owners

  • Professional Advisors

  • Members of Family Business Boards

  • Business Consultants

  • Other Business Professionals

  • Business Owners

  • Business Owners & Their Trusted Advisors

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.

ABOUT THE PRESENTERS