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Advanced CLE

2022 Techniques to Avoid & Resolve Deadlocks in Closely Held Companies Audio Replay

Total Credits: 1.2 MCLE, 0.0 Kansas Credit

Practice Area:
Business & Corporate



Clients frequently have substantial reactional assets that they want to pass in their estates – family cabins, mountain houses, other retreats, boats, and other assets.  These assets may be held in full or in fractional interests, sometimes shared uncomfortably by different parts of a single family or with third parties, giving rise to issues of control, value, and transfer.  Any or all of these assets may have substantial financial value and almost always have emotional value to clients. Planning for these assets is a blend of property and tax law, but also practical counseling of clients. This program will provide you with a real world guide to trust and estate planning for recreational assets. 

  • How to title and/or hold assets in LLCs or other business entities
  • Methods and agreements foster stable and cooperative use property among many family members
  • Special trust and estate planning issues for reactional assets
  • Use of Qualified Personal Residence Trusts for cabins and other vacation homes
  • Real estate issues – capital improvements, treatment of taxes and expenses, conservation easements
  • Special issues related to boats and airplanes


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