At PDIS 2022: The latest on business succession and estate planning

At the 2022 ProDealer Industry Summit in Washington, D.C., NLBMDA business owner members will learn about proposed tax law changes that could have a direct impact on their overall wealth. 

In addition, there will be discussion surrounding vital strategies in the areas of business succession and wealth preservation as well as an eventual transition of assets (with a special focus on the business). 

The presentation will be provided by brothers Terry and Lee Resnick who are partners at Resnick Associates, a nationally recognized business succession, estate planning, and life insurance advisory and implementation planning firm with offices in Kansas City and Harrisburg, Pa. 

The brothers shave spoken to and worked extensively with a large number of industry trade associations and their business owner members individually.

Among the areas of focus will be why profitable businesses ultimately fail, the importance of business owners coordinating business succession plans with estate plans, addressing active vs. inactive children within a family business, and liquidity issues along with valuation methodologies that will satisfy the IRS while lowering the tax bill.

For more information and to register for the 2022 ProDealer Industry Summit, click here.

The summit is being held live and in-person from March 29 through April 2 at the Hyatt Regency Hotel in Washington, D.C.