afhe’s mission is to be the leading resource for the on-going advancement, collaboration and education of practicing attorneys and other professionals who provide intra-disciplinary counsel to family-held enterprises.

The Leading Source of Intra-Disciplinary Counsel

TESTIMONIALS

afhe conferences are the best in the family business area for professionals. --|-- Afhe conferences are informative, educational and entertaining. It is one of the best conferences I have ever attended. --|-- AFHE continues to produce excellent conferences, with good subject matter, great presenters, and excellent sharing of ideas. --|-- Great depth and quality of presentations focused on the relationship issues of FHEs. --|-- The afhe annual conference provides an atmosphere for advisors to family businesses to dig deep into the approaches we should take when considering what it means to be a value-add to our clients. --|-- I was exposed to new approaches to age-old problems and was able to network with and learn from skilled practitioners from around the country. A very rewarding experience. --|-- Such a collaborative, interesting group. The content is essential and the networking, superb. --|-- afhe offers a unique opportunity to participate in a collegial learning environment with family business experts from multiple disciplines. I would highly recommend it for those serious about advising and working with family businesses. --|-- The most unique multi-disciplinary environment to learn on a very high level and to network with other professionals in the family office/family enterprise arena. --|-- If you want to learn and meet other professionals with expertise and concern for family held enterprise, this is the place. --|-- afhe has captured a unique interdisciplinary ecosystem of experienced service professionals with a common goal of improving the service they each provide to family business owners --|-- afhe is by far the best organization for attorneys that practice in the unique area of representing family owned businesses and the myriad of issues that arise in that representation, many of which are not legal in nature. --|-- A must conference to attend and collaborate with other professionals to sharpen high-level skills and techniques to help work with family-held business enterprises more effectively. --|-- I have always found afhe conferences to be stimulating and motivating - both in the presentations themselves and through the interaction with the other members in attendance. --|-- afhe conferences are the only conferences that provide holistic education on technical and "soft side" topics of interest to attorneys whose clients are family businesses and their owners. --|-- The level of content, sharing and camaraderie are unusual. This is a one of a kind experiences geared to helping attorneys and others provide the highest level of service to successful families. --|-- It was a great learning opportunity as well as a chance to mingle with people that were collegial, interesting and fun!




DOL LEVELS PLAYING FIELD FOR ADVISORS; NEW FIDUCIARY DUTY IMPOSED ON BROKERS

On Wednesday, April 6, the Department of Labor released the final version of its highly anticipated “fiduciary rule.” The final rule is the culmination of six years of study, commentary and revisions after the rule was initially proposed in October of 2010 (later withdrawn) and released again on April 20, 2015. The essence of the rule—to subject more advisers of employee benefit plan participants to the fiduciary standards of ERISA—remains unchanged from the 2015 proposal, but the Department of Labor made several key concessions to ease the burden on advisers.

More information is located HERE (PDF)

The Real Work of Collaboration:
ARE WE KIDDING OURSELVES?

In any complex system, effective collaboration is essential toward achieving desired outcomes. It follows that if group dynamics are drivers of collaborative success or dysfunction, there is significant industry-wide work to be done toward enhancing wealth advisory collaboration on behalf of families.

Click here to view this Article - (PDF 0.3M)

A collaboration of G. Scott Budge PhD and Gregory T. Rogers with Brian Douglass

 

Pitfalls of the Family Business

The family business is as old as commerce itself. The first businesses were family businesses, and the great majority of businesses throughout history have been family businesses. Today, 92% of businesses are family-owned and 60% of the U.S. workforce is employed in a family-owned business.

Click here to view this Article - (PDF 1.6M)

Submitted by By Greg Cox

 

Family Business & Philanthropic Planning:


Passing the family business with a Charitable Remainder Trust

By: Dana L. Mark

A question for our readers: A charitable remainder trust can (a) benefit family members, (b) benefit charity, (c) help di- versify assets in a tax efficient manner, or (d) all of the above? The answer is (d).
A charitable remainder trust (“CRT”) can provide you, your spouse, or other beneficiaries with lifetime income (annually either a fixed amount or a percentage of the trust’s value (which will increase or decrease as the value of the trust changes)). When your interest in the trust ends, the balance remaining passes to charity. At the time you set up the CRT, you receive a charitable income tax deduction for the value of the charity’s interest.
Significantly, a CRT is a tax exempt entity.

INSIDE OUT: RETHINKING ESTATE PLANNING FOR FAMILY BUSINESSES

By: Roy P. Kozupsky, Esq. & Amelia (“Amy”) Renkert-Thomas

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders, in their redundant debate, perennially raise the possibility of changing the estate tax regime. Both sides seem politically persuasive. The left argues that tax revenues are needed and warns that large amounts of wealth being transferred to future generations will create a dynastic social atmosphere that will weaken the entrepreneurial fabric of America’s culture. The right is less strident, but the Red States’ populist electorate and the ongoing need for tax revenues suggest that the estate tax will not be repealed any day soon. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present human emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider trans- ferring their wealth, including the family business, to their descendants.

Click here to view these Articles - (PDF 0.88M)

 

 

Unintended Consequences

Estate planning for family business owners is big business for many wealth advisors, not only because of the large (and increas- ing) federal estate tax exemption but also because Congressional leaders perennially raise the possibility of raising estate and gift tax rates or cutting exemptions. Those ever-present human emotions of opportu- nity and fear seem to be the active ingre- dients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view this Article - (PDF 0.6M)

Submitted by By Roy  P.  Kozupsky,  Esq.  &  Amelia  (“Amy”)  Renkert-­Thomas

 

Inside-Out Succession:

Rethinking Estate Planning for Family Businesses

By: Amelia Renkert-Thomas & Roy Kozupsky

Estate planning for family business owners is big business for many wealth advisors. Fueling this area of work is a combination of factors, including the historically large (and at least for now increasing) federal estate tax exemptions. Congressional leaders perennially raise the possibility of changing the estate tax regime. This tumultuous political debate about rates and exemptions is wonderful fuel for those ever-present emotions of opportunity and fear, which seem to be the active ingredients in motivating families to consider transferring their wealth, including the family business, to their descendants.

Click here to view the Article - (PDF 0.68M)

 

 

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