How to Build the Value of Your Investment for Retirement and Protect Your Legacy for the Future

Saturday, October 10, 2015, 3:00 p.m. - 4:30 p.m.
Gaylord National Resort and Convention Center
Continuing Education Credits: 0.15 (1.5 Contact Hours)
ACPE #: 207-000-15-113-L04-P and ACPE #: 207-000-15-113-L04-T

Estate and legacy planning is a necessity, and every independent pharmacy business owner needs an estate plan. More than simply providing for an orderly transfer of assets at death, the plan protects the value of your business, providing adequate liquidity for family, maintaining control, minimizing estate settlement costs and ensuring privacy.

In this presentation experts in planning and investment will explain the basic tools for designing an estate plan including wills, powers of attorney, healthcare directives and living trusts. The program will give you a better understanding of titling of assets, beneficiary structure, buy-sell arrangements, gifting and income shifting strategies, grantor trusts, charitable giving strategies all of which are specifically useful for owners of closely-held businesses

Pharmacist and Technician Learning Objectives:

  1. Outline the effect of succession planning on taxes.
  2. Discuss the necessary steps in the succession planning process.
  3. Summarize the necessary components of these planning instruments: Buy-Sell agreement, Wills, Trusts.

Speakers: Lawrence C Barrett CLU, ChFC, Independent Pharmacy Consulting Group LLC, Cleveland, Ohio; Thomas H Craft CPA, PFS, AEP, Independent Pharmacy Consulting Group LLC, Cleveland, Ohio

Activity Type: Application-based
Audience: Pharmacists and Pharmacy Technicians