Trust Ownership of an Operating Business-Tax/Non-Tax Considerations

Date: Wednesday, September 17, 2014
Time: 7:30am - 9:00am
Location: Gleneagles Country Club
Speaker: Ben Carter



(Breakfast served 7:30-8:00 a.m., Program 8:00-9:00)


GLENEAGLES COUNTRY CLUB (5401 West Park Blvd., Plano)



Structuring and Administering Trusts to Own Interests in Closely-Held Entities


Closely-held businesses have long been the signature element of the American economy. Nothing is more classically American than developing an idea and then monetizing it into a successful business enterprise.  From an estate planning perspective, closely-held businesses raise numerous unique issues and opportunities, particularly when the estate plan incorporates trusts.  Individuals routinely utilize trusts, motivated by tax and non-tax reasons, to achieve their estate planning goals and objectives.  The most successful estate planning for business owners weaves the estate planning structures into the overall business plan without any significant disruption of the operation of the business itself.  With that goal in mind, the presentation will focus on various issues that practitioners should consider when structuring and administering trusts to own business interests.    Benjamin G. Carter is an attorney with 15 years of experience in estate, wealth transfer and business succession planning. Mr. Carter is the Wealth Strategist and Senior Vice-President for the Private Wealth Advisors group at Texas Capital Bank.  Mr. Carter has lectured to various organizations across the country on estate and business planning topics and has testified before the Department of Treasury on proposed treasury regulations.  Before joining Texas Capital Bank in January 2014, Mr. Carter practiced law with an exclusive focus on estate and business planning for high net worth families and business owners.  Mr. Carter is a fellow of the American College of Trust and Estate Counsel and is board certified in estate planning and probate law by the Texas Board of Legal Specialization.   He presently serves as vice-chair of the Estate and Gift Taxes Committee for the American Bar Association’s Section of Taxation.  Mr. Carter received his B.A. in Political Science from Emory University in Atlanta, Georgia and his J.D. from Washington University in St. Louis, Missouri.

Continuing education credits are pending for this program.

Membership dues do not include meals.  Credit Cards are not accepted. Please complete this form, enclose a check (payable to Estate Planning Council of North Texas) and mail to:  Estate Planning Council of North Texas, P. O. Box 38553, Dallas, TX  75238-8553THERE WLL BE 5 MEALS AVAILABLE FOR WALK-INS ON DAY OF MEETING (FIRST COME, FIRST SERVE). ALL OTHER WALK-INS WILL BE “PROGRAM ONLY”.  Members who have already paid in advance for all meetings for the year MUST register (you can send an e-mail to so we will have a count for the number of meals to prepare and number of outlines to print.

Member: $25 (includes meal); Guest: $30 (includes meal); Program Only (no meal): $15

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NOTE:  WALK-IN PRICES ON DATE OF MEETING:  Member: $30 (includes meal); Guest: $35 (includes meal); Program Only (no meal): $20


SPONSOR:  We would like to thank the following Sponsor for their support:  The Catholic Foundation

Would your organization like to sponsor a meeting:  Sponsor for Meeting ($500 for 1 meeting):  Sponsorship for a meeting includes organization name on meeting notices, easel signage (sponsors provide signage) at the meeting, promotional brochures at meeting, a very brief (one minute) introduction to their organization at the beginning of the meeting and one complimentary breakfast at the meeting.  NOTE:  Each meeting can have more than one sponsor (conflicts will be eliminated by Council).

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