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afhe’s mission is to be the leading resource for the on-going advancement, collaboration and education of practicing attorneys and other professionals who provide intra-disciplinary counsel to family-held enterprises.

The Leading Source of Intra-Disciplinary Counsel

"The afhe annual conference consistently provides the most relevant, quality programs of any event I've been to. I'd attend even if there was no CLE credit offered." --|-- "Programing was wonderful. Disappointed a few years ago about programing has really been upgraded. Will attend more often." --|-- "The meeting gets to the issues that are at the heart of good service to the family enterprises we serve." --|-- "The only way to understand value of a afhe conference is to attend and then look back a year later and see how it has changed your awareness and your professional engagements." --|-- "afhe continues to provide excellent educational and networking opportunities." --|-- "afhe continues to be my favorite conference and professional networking event." --|-- "Best content ever, great speakers" --|-- "Maybe the best afhe conference so far. Very substantive all the way across." --|-- "afhe has a unique conference focusing on great family business ideas." --|-- "Every year afhe conferences get better and better. I highly recommend attending afhe's conference if you have an interest in a collaborative, multidisciplinary approach relating to family enterprises." --|-- "This year's afhe conference was outstanding again. The depth of experience and practical steps learned from afhe's conference is unmatched. The true sense of openly sharing, collaboration and welcoming atmosphere is better than so many other conferences."


DOL LEVELS PLAYING FIELD FOR ADVISORS; NEW FIDUCIARY DUTY IMPOSED ON BROKERS

On Wednesday, April 6, the Department of Labor released the final version of its highly anticipated “fiduciary rule.” The final rule is the culmination of six years of study, commentary and revisions after the rule was initially proposed in October of 2010 (later withdrawn) and released again on April 20, 2015. The essence of the rule—to subject more advisers of employee benefit plan participants to the fiduciary standards of ERISA—remains unchanged from the 2015 proposal, but the Department of Labor made several key concessions to ease the burden on advisers.

More information is located HERE (PDF)

The Real Work of Collaboration:
ARE WE KIDDING OURSELVES?

In any complex system, effective collaboration is essential toward achieving desired outcomes. It follows that if group dynamics are drivers of collaborative success or dysfunction, there is significant industry-wide work to be done toward enhancing wealth advisory collaboration on behalf of families.

Click here to view this Article - (PDF 0.3M)

A collaboration of G. Scott Budge PhD and Gregory T. Rogers with Brian Douglass

 

Pitfalls of the Family Business

The family business is as old as commerce itself. The first businesses were family businesses, and the great majority of businesses throughout history have been family businesses. Today, 92% of businesses are family-owned and 60% of the U.S. workforce is employed in a family-owned business.

Click here to view this Article - (PDF 1.6M)

Submitted by By Greg Cox

 

Family Business & Philanthropic Planning:


Passing the family business with a Charitable Remainder Trust

By: Dana L. Mark

A question for our readers: A charitable remainder trust can (a) benefit family members, (b) benefit charity, (c) help di- versify assets in a tax efficient manner, or (d) all of the above? The answer is (d).
A charitable remainder trust (“CRT”) can provide you, your spouse, or other beneficiaries with lifetime income (annually either a fixed amount or a percentage of the trust’s value (which will increase or decrease as the value of the trust changes)). When your interest in the trust ends, the balance remaining passes to charity. At the time you set up the CRT, you receive a charitable income tax deduction for the value of the charity’s interest.
Significantly, a CRT is a tax exempt entity.

INSIDE OUT: RETHINKING ESTATE PLANNING FOR FAMILY BUSINESSES

By: Roy P. Kozupsky, Esq. & Amelia (“Amy”) Renkert-Thomas

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders, in their redundant debate, perennially raise the possibility of changing the estate tax regime. Both sides seem politically persuasive. The left argues that tax revenues are needed and warns that large amounts of wealth being transferred to future generations will create a dynastic social atmosphere that will weaken the entrepreneurial fabric of America’s culture. The right is less strident, but the Red States’ populist electorate and the ongoing need for tax revenues suggest that the estate tax will not be repealed any day soon. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present human emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider trans- ferring their wealth, including the family business, to their descendants.

Click here to view these Articles - (PDF 0.88M)

 

 

Unintended Consequences

Estate planning for family business owners is big business for many wealth advisors, not only because of the large (and increas- ing) federal estate tax exemption but also because Congressional leaders perennially raise the possibility of raising estate and gift tax rates or cutting exemptions. Those ever-present human emotions of opportu- nity and fear seem to be the active ingre- dients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view this Article - (PDF 0.6M)

Submitted by By Roy  P.  Kozupsky,  Esq.  &  Amelia  (“Amy”)  Renkert-­Thomas

 

Inside-Out Succession:

Rethinking Estate Planning for Family Businesses

By: Amelia Renkert-Thomas & Roy Kozupsky

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors, including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders perennially raise the possibility of changing the estate tax regime. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view the Article - (PDF 0.68M)

 

 

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