Wealth Preservation and Succession for the Family Enterprise 2023

Course Chair
Cheyenne J.H. Reese — Legacy Tax + Trust Lawyers, Vancouver

About the Course Chair
Cheyenne Reese is a principal of Legacy Tax + Trust Lawyers. She assists clients with estate and trust planning and tax matters. Cheyenne received her JD from the University of Victoria in 2005 and her Masters of Law degree in International Taxation from New York University in 2006. The primary part of Cheyenne's practice is related to US-Canada transactions, including estate, gift, and generation skipping tax issues. This includes estate planning for US citizens living in Canada, Canadians with US beneficiaries, Canadians purchasing or holding US real estate, and Americans purchasing or holding Canadian real estate. Cheyenne is a member of STEP and an ACTEC International Fellow.

Cheyenne was called to the BC bar in 2007 and has been with Legacy Tax + Trust Lawyers since that time.

Faculty
Scott L. Booth, KC — Jenkins Marzban Logan LLP, Vancouver
Peter J. Glowacki — Borden Ladner Gervais LLP, Vancouver
Amy A. Mortimore — Clark Wilson LLP, Vancouver
Rose Shawlee — Boughton Law Corporation, Vancouver
Suzanne St. John Smith, MA (Comms), MA (Psych), CCC, FEA — Your Family Dynamics, West Vancouver
Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver

Click here for full faculty bios

Welcome and Land Acknowledgement (9:00 – 9:10)

Cheyenne J.H. Reese — Legacy Tax + Trust Lawyers, Vancouver

Estate Planning Tools and Techniques (9:10 – 10:05)

• wills and multiple wills
• other estate planning tools
• alter ego/joint partner trusts
• other inter vivos trust planning
• planning for incapacity

Peter J. Glowacki — Borden Ladner Gervais LLP, Vancouver

Tax Planning for Family Succession—Freezes, Trusts, and Traps (10:05 – 11:00)

• why plan (not just to pay the lawyer)
• freezes for generational transfer
• trusts in the freeze context (on freeze and sunset of 21 years)
• shareholders' agreements
• real property disclosures and taxes
• potpourri of practice tips and traps: compliance, integration with other planning, and health checks

Rose Shawlee — Boughton Law Corporation, Vancouver

BREAK (11:00 – 11:15)

Joint Tenancies (11:15 – 12:10)

• how to create a joint tenancy
• new filing requirements affecting joint tenancies (including real property and trusts)
• benefits of joint tenancies
• risks and traps of joint tenancies

Ingrid M. Tsui — Alexander Holburn Beaudin + Lang LLP, Vancouver

NETWORKING LUNCH (provided) (12:10 – 1:10)

The Family Business—Governance and Strategic Advising for the Family Enterprise (1:10 – 2:00)

• family businesses/family enterprise
• strengths and challenges of the family enterprise
• the three-circle model: taking a systems approach
• understanding family dynamics of family business
• family enterprise governance
• governance structures for the family enterprise and its component systems—family, business, owners
• family councils, shareholder forums, advisory boards, and other governance structures/mechanisms
• role of strategic advisor to family enterprise clients; multi-disciplinary advising

Suzanne St. John Smith, MA (Comms), MA (Psych), CCC, FEA — Your Family Dynamics, West Vancouver

The Intersection Between Family Law and Family Enterprise Wealth Preservation (2:00 – 2:50)

• the breakdown of spousal relationships and the resultant challenges for the family enterprise
  • corporate interests
  • trust interests
• using domestic agreements to protect the family enterprise
• shareholders agreements as a means of managing risk

Scott L. Booth, KC — Jenkins Marzban Logan LLP, Vancouver

BREAK (2:50 – 3:05)

Case Update and Litigation Highlights (3:05 – 3:55)

• general update on estate and trust cases that may affect estate planning

Amy A. Mortimore — Clark Wilson LLP, Vancouver

Concluding Remarks (3:55 – 4:00)

Cheyenne J.H. Reese — Legacy Tax + Trust Lawyers, Vancouver