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The Family Biz Show

May 26, 2021

Ep 33 – Planning Considerations For the Family Business 

It’s a great show this week! Listen in as Gerald Stack and Gary Katz discuss planning considerations for the family business.

During this episode, you’ll learn: 

  1.  The 8 questions every family business should be asking themselves. 

  2.  How coordinating your estate and business planning can save your family 20-40% in taxes. 

  3.  The 5 questions your attorney and financial advisor should be asking you – if they aren’t it may be time for a change. 

This Weeks Guests: 

Gerald F. Stack* 

Gerry is general counsel for Barclay Damon and a member of the firm's Management Committee, with significant responsibility for the firm's administration. He is the Tax Practice Area co-chair. His legal practice focuses on a range of corporate and tax matters, including mergers and acquisitions, structuring like-kind exchanges, and drafting complex joint ventures. Gerry also has a significant tax-controversy practice on the federal and state levels. He also assists clients with estate and succession planning. Gerry's clients include large real estate developers with multistate real estate holdings, energy companies, large family-owned businesses, individuals in need of sophisticated estate planning, and not-for-profit entities. 

*Not affiliated with Lincoln Financial Advisors Corp.   

Gary Katz 

Gary is a registered representative of Lincoln Financial Advisors.  He is a wealth preservation specialist with Sagemark Consulting, a division of Lincoln Financial Advisors, who specializes in helping retired individuals, owners of closely held businesses, and other successful professionals reduce their current taxes, satisfy their charitable desires and efficiently transfer their assets to their children and grandchildren. He joined Sagemark in 1988 in Sales and moved into production in 1994. He has been the Lincoln Financial Group Planner of the Year** for 5 years (2009, 2012, 2013, 2016 and 2017). 

**This internal award is given to LFN Planners each year and is based on sales, quality of service, and commitment to Lincoln’s principals, and is selected by Lincoln senior managers.   

Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.  

Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp.