The course book and DVDs of this 3.3-hour May 26, 2009 presentation by Louis A. Mezzullo, Esquire provide a useful and comprehensive explanation of all of the aspects regarding planning for business succession. Mr. Mezzullo, a partner in the Rancho Santa Fe, CA office of the Luce Forward law firm, gives you valuable suggestions, warnings and much more.

Major topics include:

ü Introduction

• definitions, need and purpose

• characteristics

• liquidity needs

• issues facing, and goals of, the business owner

üDisposition of The Business

üProviding Liquidity/Exit Strategies

• ESOP example

• sale to a grantor trust example

• use of a Grantor Retained Annuity Trust (GRAT)

• qualifying for installment payment of Federal estate taxes (IRC Sec. 6166)

• using life insurance for liquidity

üBusiness Succession Planning Process

• evolution of the business

• steps to, and implementation of, a successful plan

üSpecial Considerations

FORMS: To download forms relating to these topics, please go to www.NLFforms.com