Joint Fall Meeting - LOSEPC and Blue Ridge Chapter, Society of Financial Professionals
Date: Thursday, September 19, 2013
Time: 5:00 PM - 7:30 PM
Location: The Community Fdtn of Western North Carolina
Speaker: Terence B. Stanaland, JD, ChFC, CPA
"The Importance of Separating Family Wealth From the Family Business: Why Lean is Better and How to Get Fit": Failure to withdraw family wealth from the family business can be a trap. This session will explore why a family business should be kept “lean and mean.” A brief case study will illustrate this point and show how life insurance can be used to create wealth to purchase and pay taxes on the business and provide an inheritance for heirs not in the business.
Speaker: Terence B. Stanaland, JD, ChFC, C.P.A., is of Counsel to the Greensboro, North Carolina, law firm, Teague Rotenstreich Stanaland Fox & Holt, P.L.L.C. Mr. Stanaland has an active wills and estate law and administration practice and regularly consults with insurance companies and brokerage houses on technical tax matters. Mr. currently serves on the Board of Directors for the Society of Financial Service Professionals.
Continuing education credits (1 hour) offered (pending some approvals): CLE (NC); CFP; Insurance (NC); CPE; PACE (CLU®* , CASL, RICP, ChFC®*, CLF®, ChSNC™, RHU, CAP, REBCand ChHC)