Attorneys for Family-Held Enterprises (afhe)

Our client’s newest movie (Kingdom Story Company). https://lnkd.in/gJHbheX4

AFHE just wrapped up our 2024 Fall Conference at The Wigwam in Litchfield Park. Fantastic educational sessions, vibrant networking, meaningful connections and a whole lot of fun! We couldn't have asked for a more successful conference! Well, maybe some slightly lower temperatures - the 105+ degree heat was a bit hot! A special thank you to our speaker and sponsors for making this year's conference so great! SPEAKERS: Jeremiah Doyle Robert A. Bensman Bradley J. Franc Wayne McFarland David Aughtry Todd G. Povlich, CFA, ASA Shannon C. Lori M. Coonen Meredith Wilson Parfet Matthew Donovan Ben Restivo David Dankmyer Luke Jernagan SPONSORS: John Duane with BrookBridge Private Wealth Manny Fournaris with Gordon, Fournaris & Mammarella, P.A. Robert A. Bensman with The Bensman Group Kenneth Nemec with Goldstine, Skrodzki, Russian, Nemec and Hoff,Ltd. Courtney Eber, CAPI, CPRIA, AINS with Alliant Private Client Matthew Donovan with Farrell Fritz, P.C. Diane Giles with Marsh McLennan Agency Tadd Lindsay with MPI Brad Fisher with Scalable Leadership Phillip Johnson with Scalable Solutions Shannon C. with The Signatry AFHE will be headed to Franklin, Tennessee in March for our 2025 Spring Conference. Watch for more information soon! Click here for our photo gallery: https://lnkd.in/e6ZdNnbJ

Are you planning on joining us at The Wigwam for our 2024 Fall Conference? Don't forget to make your hotel reservation deadline by September 4th! Click here to reserve online: https://lnkd.in/dyaruEjr #AFHE #attorneys #familyenterprise

FALL CONFERENCE SESSION SPOTLIGHT: "The Impact of Family Values: How the Integrated Advisor Collaborates to Serve Complex Families in Achieving Their Goals"?presented by David Dankmyer and Luke Jernagan Many advisors emphasize the role that a family’s values play in achieving the family’s goals. How do you work with a family to identify their values implement a strategy to achieve them? This presentation will focus on a step-by-step process that enables advisors of multi-generational families to identify their clients’ values and vision which serve as the foundation of the family’s estate plan. For more information and to register, please visit https://lnkd.in/ecnWxE_4 #AFHE #Attorneys #familyenterprise

FALL CONFERENCE SESSION SPOTLIGHT: "Crisis as Catalyst in Family Enterprise: Do We Pull Together or Pull Apart?" presented by Meredith Wilson Parfet When it comes to crisis, it’s comforting to believe that people pull together in hard times – families especially. But complex interpersonal dynamics, historical baggage, and diverging priorities can be tough to navigate on a good day. In family enterprise, the personal and professional are intrinsically interwoven. Combine generations of a successful family business and a major catastrophe and the concept of an awkward Thanksgiving dinner takes on a whole new meaning. But what do we mean by crisis? A crisis is a turning point caused by a devastating event, serious enough that nothing is ever the same. In professional settings, this can involve legal or regulatory action, white collar crimes, industrial accidents, or complex disputes. In a family, this can be things like scandal, bankruptcy, divorce, addiction, or death. The complicated reality of these types of crises can tear a family apart or, with the right mindset and tools, act as a catalyst for growth, meaning, and connection.?????? For more information and to register, please visit https://lnkd.in/ecnWxE_4 #Attorneys #familyenterprise

FALL CONFERENCE SESSION SPOTLIGHT: "The Three P's of Effective Communication for Family Enterprises" presented by Lori M. Coonen In this interactive session, participants will explore: * 5 Generations in the workplace and in families – how do you make sure you’re effectively communicating so you are heard and understood? * Common purpose & values - how to leverage them in both biz and family to create a solid foundation for centuries of success, harmony & growth and * The Power of Positive Prophecy For more information and to register, please visit https://lnkd.in/ecnWxE_4 #Attorneys #familyenterprise

FALL CONFERENCE SESSION SPOTLIGHT: "Cecil Case - A Lesson for Families Seeking to Overcome the Greatest Threats to Ownership Succession" presented by David Aughtry and Todd G. Povlich, CFA, ASA In this 2023 U.S. Tax Court Decision, the Cecil Family and its experts overcame several challenges by the government on topics of valuation, business purpose and otherwise.?A deficiency, with penalties and interest, of $42.0 million was turned into a $4.2 million taxpayer refund.?The government tried to portray The Biltmore Company, an operating business with $70+ million of revenue, 1,800 employees, decades of history, and countless business segments, as a “sham” that should be valued based on the estimated liquidation value of the underlying assets.?The taxpayer defeated the government decisively on this point, with the Court finding no evidence whatsoever that the business should be looked at as anything other than a going concern.?This led to the full adoption of a much more taxpayer-friendly, income-based valuation of the stock.?In addition, within that income approach, the government tried to argue that the stock ought to be valued as if the entity were tax-exempt (i.e., no tax affecting).?Here again, the taxpayer won decisively, as its experts were able to show that tax affecting is entirely appropriate for a pass-through entity so long as a secondary analysis to assess differences in entity form are considered.? For more information and to register, please visit https://lnkd.in/ecnWxE_4 #Attorneys #familyenterprise

FALL CONFERENCE SESSION SPOTLIGHT: "Wills of the Rich and Famous – Discussion Issues" presented by Jeremiah Doyle This session will explore the estate planning techniques used by famous individuals and will highlight the importance of avoiding probate, charitable giving, the use of different types of trusts, planning for business interests and other practical issues. We will explore the wills of Jacqueline Kennedy Onassis, Linda McCartney, Jerry Garcia, Leona Hemsley and Jim Morrison. For more information and to register, please visit https://lnkd.in/ecnWxE_4 #Attorneys #familyenterprise

AFHE will post more details about Meredith Wilson Parfet ‘s TEDNext presentation…

Congratulations to AFHE Member David Burleigh on the launch of his new book! https://lnkd.in/eCnBudWN