“Selling a business: specific applications and issues.”
Speaker: Tom Pauloski, National Managing Director of Bernstein’s Wealth Planning and Analysis Group
For decades, transferring discounted interests to younger generations in advance of a sale of the family business has been a successful strategy. But with the transfer tax exclusion now “permanently” higher, the transfer tax rate lower than many expected, and income tax rates creeping upwards, could the best wealth transfer strategy be no transfer at all? What key factors should drive your decision?
Tom Pauloski, National Managing Director of Bernstein’s Wealth Planning and Analysis Group and a former estate planning attorney, will discuss advice for business owners in the current environment. Tom will use Bernstein’s proprietary wealth forecasting model and the case study method to test strategic alternatives in three different contexts that are becoming more frequent topics for discussion:
- A young entrepreneur who is planning for a second liquidity event;
- An older shareholder of a concentrated, low-basis position in a publicly traded stock who is facing an unwanted realization event due to an offshore “inversion” transaction; and
- A family that has recently completed a business sale and is now looking for ways to minimize future income taxes and maximize family wealth going forward.
About the Speaker
Thomas J. Pauloski is National Managing Director for Wealth Planning and Analysis, the research division of Bernstein Global Wealth Management’s Private Client Group. He works with private clients and their advisors on wealth transfer strategies, focusing on tax-efficient wealth management and asset allocation decisions. Previously, Tom was a partner at the Chicago law firm of Winston & Strawn LLP, where he concentrated his practice in estate, tax, and business planning. Tom also has been a member of the Chicago law firm of Levin & Schreder, Ltd., a Vice President in the Private Client Group of Zurich Life in Long Grove, Illinois, and a partner at the Chicago law firm of Schiff Hardin & Waite.