When Reporting on your SC Commission Compliance Report, please use this code: 184676ADT

To register for this live teleseminar, please click here

About the Teleseminar    

There are tax and other benefits to holding a closely-held company or other business interests in trusts, but there are also substantial risks and planning complexity.  Holding an operating business in a trust requires reconciling the diversification goals and deliberate speed of fiduciaries with the need for concentrated assets and speed of business managers.  Holding a minority stake in a company requires the trustee to effectively assert the governance and other rights of the minority stake.  Holding real estate or nontraditional assets involve substantial issues of liquidity and proper fiduciary and income tax administration. This program will provide you with a real world guide placing business interests in a trust.

  • Benefits and drawbacks of placing business interests in trusts
  • The multifaceted dilemma of operating companies in trusts – concentrated assets, speed, decision-making, etc.
  • Counseling clients about the right trust for different asset classes
  • Dilemma of concentrated assets and the fiduciary duty to diversify
  • Preserving S Corp status or other tax benefits in trust
  • Business succession planning for family businesses
  • Managing minority stakes in operating companies or assets
  • Financial and tax administration traps

About the Speakers

Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where her practice focuses on estate planning for individuals and businesses.  She also represents clients before federal and state taxing authorities.  Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA’s National Advanced Estate Planning Conference since 2001.  Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College of Law.

Michael Sneeringer an attorney in the Naples, Florida office of Porter Wright Morris & Arthur LLP, where his practice focuses on trust and estate planning, probate administration, asset protection planning, and tax law. He has served as vice chair of the asset protection planning committee of the ABA’s Real Property, Trust and Estate Section and is an official reporter of the Heckerling Institute.  Mr. Sneeringer received his B.A. from Washington & Jefferson College, his J.D., cum laude, St. Thomas University School of Law, and his LL.M. from the University of Miami School of Law.

Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to 1.0 Estate Planning & Probate Law Specialty Credit Hour

(Instruction Level: Intermediate)*Live Teleseminar programs are not live credit programs.  Supreme Court Commission on CLE rules allow SC Bar members to use Alternatively Delivered programming to obtain up to 6.0 hours of MCLE each reporting period.   For FAQ’s please click here.