Share this program:

Self-Paced Online

Business Succession Planning

A Discussion on How to Help Your Clients Navigate the Legal, Tax and Family/Fairness Issues

Share this program:

Date Published

March 12, 2021


Westchester County Bar Association


Business Succession Planning


For immediate assistance please consult our FAQ page. If you're unable to find the answer you need, please call 737-201-2059 (M-F, 8am-6pm CT) or e-mail customer service.


This presentation covers the importance of having your clients involve their team of advisors (including their attorney, accountant, banker, financial and insurance advisor, business coach and appraiser) when preparing an exit plan so that the business is transitioned in an orderly manner to the next generation or to a non-family owner. We discuss the use of S Corporations (or LLCs), commercial real estate, death benefit only employment contracts as sources of income for the surviving spouse; allocating stock in a family corporation among actively employed children and inactive children; and using recapitalizations, installment sales to intentionally defective grantor trusts, GRATs as techniques to shift future appreciation to the next generation. We also discuss determining inside and outside basis on an S Corporation stock and tax issues regarding negative capital accounts.

Expand summary
back to top


Michael Markhoff, Esq.
Danziger & Markhoff LLP

Howard Klein, CPA
Citrin Cooperman & Company LLP

back to top

Program Titles and Supporting Materials

This program contains the following components:

Slide deck copy
Video Presentation
back to top


If applicable, you may obtain credit in multiple jurisdictions simultaneously for this program (see pending/approved list below). If electing credit for this program, registrants in jurisdictions not listed below will receive a Certificate of Completion that may or may not meet credit requirements in other jurisdictions. Where applicable, credit will be only awarded to a paid registrant completing all the requirements of the program as determined by the selected accreditation authority.

back to top

How to Attend

Join the self-paced program from your office, home, or hotel room using a computer and high speed internet connection. You may start and stop the program at your convenience, continue where you left off, and review supporting materials as often as you like. Please note: Internet Explorer is no longer a supported browser. We recommend using Google Chrome, Mozilla Firefox or Safari for best results.

Technical Requirements
You may access this course on a computer or mobile device with high speed internet (iPhones require iOS 10 or higher). Recommended browsers are Google Chrome or Mozilla Firefox.

back to top


Refund Policy
SeminarWeb and Westchester County Bar Association programs are non-refundable.

Privacy Statement
We respect and are committed to protecting your privacy. Read Statement.