BUSINESS MEMO: PLANNING SEMINAR

An estate planning for family businesses seminar will be held Sept. 28 at Glenn Auditorium in Robert A. Dempster Hall.

The one-day seminar, co-sponsored by the Donald L. Harrison College of Business and the Center for Entrepreneurial Studies and Small Business Management, is designed specifically to provide members and key employees of closely held family businesses with information and techniques to assist them in perpetuating the growth of their business.

"Most of our business constituents in Southeast Missouri are small, family-owned businesses and many are becoming more active in terms of planning for the future; and estate planning is key in terms of being able to successfully pass on a business to other family members," said Dr. Jack Sterrett, chair of the Department of Marketing and director of the Center for Entrepreneurial Studies and Small Business Management at Southeast Missouri State University.

The morning session will address such topics as how to avoid living and death probate, wills, exemptions from the federal estate tax, living trusts, protecting inheritance, the capital gains tax and reasons why most estate plans do not work.

The afternoon session will deal specifically with family limited partnerships, the sale of defective grantor trust, and estate and income tax consequences of the sale, retirement accounts and buy/sell agreements. The seminar will conclude with a round-table question and answer session.

There is no charge for the seminar; however, those planning to attend must register because space is limited. For more information, contact Center for Entrepreneurial Studies and Small Business Management at (573) 651-2112 or (573) 651-2915.