A Perfect Storm: Succession Planning Strategies for S Corp Bank Shareholders in a Down Economy

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IBAT
&
Subchapter S Bank Association

A Perfect Storm: Succession Planning Strategies for  S Corp Bank Shareholders in a Down Economy
WEBINAR AND/OR CD ROM
Register

Wednesday, February 29, 2012

8:00 am –   9:30 am Pacific
9:00 am – 10:30 am Mountain
10:00 am – 11:30 am Central
11:00 am – 12:30 pm Eastern

In the current economic environment, proper succession planning is crucial to shareholders of S Corp banks.  This program will illustrate how today’s down economy impacts your business’s value and why it is a positive development in transferring wealth and creating succession planning strategies.  In addition, you’ll learn how the use of Family Limited Partnerships and other trust strategies such as GRATs and Defective Trusts can facilitate wealth and succession planning.  Join us for valuable information that shareholders need to develop strategic plans when navigating this difficult economy.

HIGHLIGHTS
•    The business valuation process
•    How current economic conditions have affected S Corp bank valuations
•    Steps and appropriate timing in succession planning
•    Tax strategies that make NOW an advantageous time to transfer or sell business interests
o    General issues affecting estate tax laws today
o    Family Limited Partnerships and Trust Strategies – how they can help your overall plan
•    The business valuation process
•    How current economic conditions have affected S Corp bank valuations

WHO SHOULD ATTEND?
This informative session is directed to Subchapter S bank presidents, CEOs, executives, and principal shareholders.

PLEASE NOTE:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTERS – BKD LLP

Patricia Quintana-Perron, MBA, CPA, CHBC, CFP®, PFS
Patricia is a tax partner at BKD.  She focuses on the tax and consulting needs of high-net-worth families and their closely held businesses and helps design and implement sophisticated wealth strategies.  In practice for over 18 years, she is a member of the American Institute of Certified Public Accountants and Texas Society of CPAs, as well as the National Society of Certified Healthcare Business Consultants, Financial Planning Association and San Antonio Estate Planners Council.  Patricia holds Bachelor’s and Master’s degrees from Texas A&M University.

Nancy J. Foringer, managing consultant of BKD’s Forensics & Valuation Services division, has over 15 years’ experience providing business valuation and litigation support services.  She has experience performing business valuations for estate and gift taxes, stock transactions, financial reporting, commercial and shareholder disputes, family limited partnerships, employee stock ownership plans, succession planning and financing.  She leads the firm’s banking valuation practice.  Nancy is a member of the American Society of Appraisers and the American Institute of Certified Public Accountants. An Accredited Senior Appraiser (ASA) in business valuation, Nancy holds a Bachelor’s from the University of Northern Iowa.

Patrick S. Donehue is a tax partner with BKD.  A CPA with over 30 years’ experience in tax and business consulting for medium-sized, closely held businesses, Pat provides specialized tax planning and compliance services and assistance in mergers and acquisitions for financial institutions.  He also provides tax planning, business succession and exit strategies, state and local tax incentives and estate planning for manufacturers and distributors.  A member of the American Institute of Certified Public Accountants and Oklahoma Society of CPAs, Pat holds Bachelor’s and Master’s degrees from Oklahoma State University.