Wednesday, March 6
12-2:00 pm | Mystic Hilton
Plated Lunch Included | Members: Free | Non-Member Fee: $55
Business owners have special considerations for estate planning. Whether building a business to sell or creating a company that will be owned for generations, business owners need to address family and business dynamics, business continuity and liquidity concerns – on top of core estate planning strategies. Michael Clear will discuss a variety of these topics – with the goal to provide additional tools to prompt pro-active planning for your business owner clients.
About the Speaker: Michael T. Clear, Partner, Wiggin and Dana
Michael is the Chair of Wiggin and Dana's Private Client Services Department where he leads a group of over 30 lawyers and allied professionals. As a Partner in the firm’s Private Client Services Department, Michael regularly counsels clients on the far-reaching financial implications of estate planning, estate and trust administration, probate litigation, and business succession planning. Yet he is also a trained counselor with insight into the family dynamics these matters can effect. Known for his empathy and good humor, he helps clients take prudent action in the face of indecision, hopefully resolving contested issues before litigation.
Michael’s estate planning practice includes assisting individuals and families in tax-efficient and practical estate and gift planning, including the preparation of wills, revocable living trusts, insurance trusts, and entities to own special family assets such as vacation homes and collections.
He guides fiduciaries and beneficiaries through estate settlement and trust administration matters. His estate and trust administration practice often dovetails with his probate litigation experience, where he advises clients in will and trust construction cases, contested accountings, fiduciary removal proceedings, payment of unpaid claims, and conservatorship and guardianship matters.
Michael assists business owners with succession planning, by presenting to family groups on business/estate planning matters and by preparing business entities, shareholders’ agreements, buy-sell agreements, and grantor-retained annuity trusts. He often facilitates the sale or purchase of business assets.