
On
July 7th, DWT lawyers
Matt Loftin and
Keith Baldwin participated in a panel discussion in Olympia, Washington, sponsored by the
Association of Washington Business ("AWB"). The topic was “
Succession & Estate Planning Fundamentals for Business Owners,” and the panel was organized and led by
Kristofer Gray, CFP, of
Integrity Financial Corporation.
Matt discussed estate and gift tax exemptions at the state and federal levels as well as the alphabet soup of
Grantor Retained Annuity Trusts (GRATs), Defective Grantor Trusts (DGTs), Family Limited Partnerships (FLPs),
Charitable Remainder Trusts (CRTs), Charitable Lead Trusts (CLTs) and
Family Foundations.
Keith discussed the timing, process and challenges in getting a company
ready for transfer to the next generation, to management buyers, or to
third parties in an acquisition. Other panelists included accounting, banking, family business consulting and insurance professionals.
The presentation was part of a continuing program available on request to AWB members and industry groups.