Shakespeare, Succession and Estate Planning
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REGISTRATION IS CLOSED FOR THIS EVENT
WALKI-INS ARE NOT GUARANTEED A MEAL
CASH OR CHECK ONLY AT THE DOOR
(Joint Meeting with Estate Planning Council of North Texas)
THURSDAY, DECEMBER 7, 2023
NOTE MEETING LOCATION:
8250 North Central Expressway, Dallas
Lunch is served Noon-12:30; Program 12:30-1:30 P.M.)
RESERVATION DEADLINE: PAYMENT MUST BE RECEIVED BY November 29 (5:00 P.M.) REGISTRATION WILL NOT BE AVAILABLE AFTER THE REGISTRATION DEADLINE.
SHAKESPEARE, SUCCESSION AND ESTATE PLANNING
LESLIE KIEFER AMANN
Sponsored by Saville and Regions Bank
William Shakespeare died in 1616 but his last will and testament presents a fascinating picture that is surprisingly relevant today. He had two daughters and a son, but his only son died during a plague year. His wife and daughters could not possibly inherit and run his family business in the theater, so he made major changes in his assets and plan for succession of the business he owned, to accommodate the loss of his male heir. He left us no specific biographical information to explain these changes, but we can learn a great deal about business succession by looking at the lessons in his plays. We examine several plays, but the primary focus is on King Lear. Few patriarchs are as blatant as Lear, who left the family business to daughters who flattered and pandered to him and cut off the child that possessed the character and skills to succeed. Shakespeare’s own will provides additional lessons, including changes just before signing when one daughter married someone facing criminal charges, presumably to further protect his daughters and their descendants. Participants from all disciplines benefit by looking at age-old planning problems from a new perspective. We see how a thriving business, dependent on the active participation of its founder, was shifted to passive assets that could generate an income stream for descendants who did not have the same abilities by changing entity structure and learn timeless lessons about business succession when an unexpected loss occurs or in fraught economic and political circumstances.
Leslie provides advice on fiduciary administration and wealth planning As of Counsel to Sentinel Trust. She writes and lectures on related topics for professional organizations in law, financial services, wealth planning, and for her former employer, Sentinel Trust Company LBA. She holds a JD from the University of Houston Law Center (1987) and a BA in Music and Education from Texas State University (1976).
There is continuing ed credit pending for this presentation. The presentation will be posted on the website document library a few days prior to the presentation.
Please register online with a credit card payment on the website: scroll down to the bottom of the page and register. LOG IN IS NOT REQUIRED TO REGISTER. If you need a receipt, print out the confirmation page (receipt will not be sent to a 3rd party).
WE WOULD LIKE TO THANK OUR MEETING SPONSORS: Armanino, Bessemer Trust Company, Carter Financial Management, Communities Foundation of Texas, Frost Bank, HighGround Advisors, Parkland Foundation, Mercer Advisors, The Catholic Foundation, Heritage Auctions, Regions Bank, Happy Trust Company, The Dallas Foundation, Hancock Whitney Bank, Security National Bank, Saville, McBride & Associates at Merrill Lynch Wealth Management, Commerce Bank, EisnerAmper and JP Morgan. WE WOULD LIKE TO THANK OUR PATRONS: Davis Stephenson, Heritage Auctions, EisnerAmper, Argent Trust, Glast Phillips Murray, Forvis, Stout, Carr Riggs & Ingram, C3 Financial Partners, View Capital Advisors, Neuhoff Hunt, Phillips, Abmeyer Wealth Management, Huselton, Morgan & Maultsby, Prosperity Bank, Paratus Financial and Bisignano Harrison.
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PLEASE NOTE SPECIAL MEAL REQUEST IS NOT AVAILABLE FOR THIS MEETING