Dentons: Estate and Succession Planning – How To Do It Right

As the saying goes: failing to plan is planning to fail. Passing the baton and transitioning within or outside the family is something owners should pay careful consideration to and give themselves enough time to plan. There are a multitude of factors to consider including: tax, managerial changes, transfer of ownership, will, and other financial implications. Add emotions to it, and it can get a few layers more complex. In this course, speakers from Dentons Canada will guide you through case studies and explore legal and non-legal issues in business succession planning based on fictional family insurance brokerage scenarios.

Objectives and Flow

1. Determine the tax, corporate, and estate legal “must haves” for successful succession planning.
2. Define the general timeline of the succession planning process including milestones.
3. Differentiate how intergenerational and third-party sales work.
4. Describe how to avoid common traps and mistakes in succession planning.