Overlooked Techniques for Passing on the Family Business

Date: Tuesday, January 22, 2019
Time: 5:30pm - 8:00pm
Location: Santa Ana Country Club | 20382 Newport Boulevard | Santa Ana 92707
Speaker: Jerome M. Hesch, Esq., Adjunct Professor of Law


Passing the Family Business on to the Next Generation When Some of the Children Will Not Be Active but Treating All Children Equally


An analysis of the obstacles and available alternatives in passing ownership of a family business on to the next generation when the senior family member desires to treat all the children equally, but some of the children will not take an active role in running the family business or key employees are needed to assist in management. Selling a business to key employees without reporting any gain using the preferred partnership structure.   Using a private annuity for a healthy individual to pass the family business on to the next generation without any estate tax exposure.


Note:  This program also qualifies for 1-hour of continuing education credit for Attorney, CPA, Professional Fiduciary and Trust Officers. This presentation is pending 1-hour CE with the CA Department of Insurance, and 1-hour CE with the Certified Financial Planners Board of Standards.



About our Speaker:


After 20 years as a full-time law professor, Jerry Hesch became a practicing tax lawyer, but continues as an Adjunct Professor at the University of Miami School of Law, Graduate Programs in Estate Planning and Taxation and joined FIU Spring 2009.


He has appeared on CLE programs throughout the country, such as the NYU Annual Institute on Taxation, the University of Southern California Tax Institute and the Heckerling Institute on Estate Planning.  He served on the Drafting Committee for the Florida REvised Univorm Partnership Act and the Florida Governor's Unitary Tax Study Committee.


He has published extensively, including a law school casebook on Federal Income taxation now in its third edition: The Indivietual Tax Base: Cases, Problems and Policies in Federal Taxation (with Prof. Laurie Malman, NYU, Prof. Linda Sugin, Fordham and Prof. Lewis Solomon, George Washington University).


He received his bachelor's and master's degrees from the University of Michigan and his law degree from the University of Buffalo.  He was with the Office of Chief Counsel, Internal Revenue Service, Washington, D.C. from 1970 to 1975, and was a full-time law professor from 1975 through 1994.


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