Estate Planning for Closely Held Business Owners

On this episode, Steffi Hafen, private client services partner, discusses estate and tax planning for closely held business owners or owners of a business where there is no readily available public market. She outlines how advance planning and utilization of structures such as buy/sell agreements, corporate recapitalizations, gifts, and additional freeze transactions may help resolve or avoid issues if there is a sudden departure of a key owner, such as by death, disability, or retirement.