INTERGENERATIONAL TRANSFER OF A FAMILY BUSINESS
Alon Kaplan
Many businesses in Israel are owned and managed by families. In many cases, the businesses’ founders are the family’s father or mother, although there are also businesses that brothers and sisters establish. The result is that the founders of the businesses may include individuals who have established a successful business and have a family, second or even third generation, for whom the founders seek an estate planning program and preparation of legal business infrastructure for the intergenerational transfer of the business and its management. Below, we will refer to the business founders in the singular
- Published in Articles, Books, Business, Family office
Alon Kaplan and Meytal Liberman
Abstract – How to use a trust as an alternative to a will to transfer assets to the next generation? This article will answer this question by first introducing the reader to inheritance and trust law in Israel. It will explore the endowment and how it should be used in order to regulate the transfer of assets to the next generation—how a trust should be set up and how assets should be transferred to it. The conclusion drawn from this analysis points out the key elements which should be considered when creating a trust to survive death under Israeli law
- Published in Articles
Trusts & Trustees – Alon Kaplan & Meytal Liberman
Abstract – How to use a trust as an alternative to a will to transfer assets to the next generation? This article will answer this question by first introducing the reader to inheritance and trust law in Israel. It will explore the endowment and how it should be used in order to regulate the transfer of assets to the next generation—how a trust should be set up and how assets should be transferred to it. The conclusion drawn from this analysis points out the key elements which should be considered when creating a trust to survive death under Israeli law.
- Published in Articles
Alon Kaplan
- Published in Articles
Pleased to invite you to a virtual launch event of the book: Life Cycle of Family Businesses 17th March
2021 – 11:00 am EDT, 17:00 Tel Aviv
Zoom Link
- Published in Blog, Business, Citizenship, Company, corporation, Estate, Estate planning, Family office, Foundation, Gift, Hekdesh
Life Cycle of a Family Business
- Published in Book Reviews
Life Cycle of a Family Business
Editor(s): Barbara R Hauser and Alon Kaplan
The ‘life cycle’ of a family business is a fascinating process. Beginning with the initial entrepreneur starting the business, it encompasses the development of the business to success, involvement of family members in the business, estate planning, preparation for integration of the next generation, creating a family constitution to regulate relationships among family members, and creating a family trust when appropriate. The completion of the cycle then gives the option of continuing – to potentially become one of the one-hundred-year businesses. This Special Report is a one-stop collection bringing together a distinguished team of international contributors, each an expert in their respective field with a global reputation, to cover the entire life cycle of a family business. It provides guidance on many of the key issues encountered including governance issues, protecting the family business assets, fostering entrepreneurship and succession planning. Life Cycle of Family Business is a unique source of knowledge for family businesses and professionals working in this specialist field. In this very readable single volume – edited by Barbara R Hauser and Alon Kaplan – those involved in family businesses can benefit from its expert guidance, at any stage of the life cycle.
(more…)- Published in Books
Trusts in Prime Jurisdictions, 5th edition
- Published in Book Reviews