Area investment advisors, registered representatives, and trust officers are invited to join for breakfast and a presentation on "Succession Planning The Next Generation" at the next Before the Bell Breakfast Forum hosted by Miller Canfield.
All business owners struggle with succession planning for their businesses. Do they sell their business or transfer it to their children? Which children? How do they minimize the potential for disputes, which are often bitter? How do they assure themselves of a comfortable retirement if they turn over the reins now? How do they assure that their spouse will be comfortable too? There are no easy answers, but there are a variety of strategies that have worked for others and may work for them.
Miller Canfield lawyer Gary Glenn will discuss who to sell/transfer the business to, how to assure a continued stream of income, possible estate and income tax implications, how to guard against the loss of wealth in the event of a divorce, and more.
The forum will take place on Thursday, Aug. 18, from 7:15 to 8:30 a.m. at the Townsend Hotel in Birmingham.
There is no cost to attend. Space is limited to registered representatives, investment advisors, and trust officers. Advance reservations are required.
To register, visit www.millercanfield.com and click on "events." For additional information, call Sandy Bera at 248-267-3345.
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