Estate Planning for Small Business

Presenter: Philip L. Burke, Esq.

Transitioning ownership of businesses to the next generation (or management) can be cost effective and efficient. This presentation will go over the do's and don'ts of estate planning and transitioning small businesses.

Three key learnings the audience will take away:

1. Current estate tax exemptions (Fed & State).
2. Discount strategies to reduce transfer costs.
3. Use of stockholder agreements to [rptect business interests.

Here is a short video in which Phillip describes his presentation.

Philip L. Burke is the Administrative Partner in the firm's Family Wealth and Estate Planning Department and a member of the firm's Management Committee. He concentrates his practice in estate planning, charitable giving, estate administration,
probate, estate tax law and long term care planning. He works closely with clients and their advisers to develop appropriate estate plans for them and their families, including drafting of Last Wills and Testaments, Revocable and Irrevocable Trusts, Family Limited Partnerships and Limited Liability Companies, Business Succession Documents, Powers of Attorney, Living Wills and Health Care Proxies and other related documents.

Mr. Burke received his J.D. degree from Albany Law School and his B.A. degree with Distinction from Boston University. He
is a Fellow of the American College of Trust and Estate Counsel and also a Fellow of the New York State Bar Foundation.

Mr. Burke is currently a member of the Board of Directors of the Rochester Area Community Foundation. He has also served
as a member of the Board of Trustees of Our Lady Of Mercy High School, the Planned Giving Advisory Board of the Greater
Rochester Chapter of the American Red Cross, the Rochester Area Community Foundation and the Hillside Family of
Agencies. He is also past-chair of the Board of Directors of Gilda's Club Rochester, NY and Children Awaiting Parents, Inc.

Mr. Burke is a member of the Monroe County and New York State Bar Association. He is a Past Chair of the New York State
Bar Association's Trusts and Estates Law Section and serves as an officer on its Executive Committee.

Here's a map to NeighborWorks.

Open to the public.

No charge for RPCN members. $10.00 for non-members.