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

EPI SAN DIEGO 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 the Presenters:

Learn from industry experts Ann Rosevear and David Osgod.

Event Location

Event Details

Date: Wednesday, May 15, 2024
Time: 2:30 pm - 4:00 pm Pacific Time
Where: The Clubhouse Grill at the Fairmont Grand Del Mar | 5200 Grand Del Mar Way, San Diego, CA 92130
Cost: Free to Attend
Register Now

Who Should Attend?

  • 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.

  • 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.

  • 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.

  • 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.

  • Attorneys

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

  • Business Owners & Their Trusted Advisors

  • Other Business Professionals

  • Business Consultants

  • Professional Advisors

  • Business Owners

  • Members of Family Business Boards

  • Private Business Owners

  • Other Professional Advisors

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

  • 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.

  • 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.

  • Insurance Professionals

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

  • 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.

  • Estate Planners

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

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