5 TAX REFORM STRATEGIES FOR FAMILY BUSINESS OWNERS
Join Wilmington Trust's Alvina H. Lo and Jonathan Fitzgerald, and David Shaw of Family Business Magazine for an in-depth discussion of five tax reform strategies for family businesses.
- Estate Tax Planning: Increases to the estate tax exemptions are temporary and set to expire at the end of 2025. Should you take this opportunity to implement transfer tax strategies before the exemptions revert back to the previous amounts?
- Control & Flexibility: Learn how to implement transfer tax strategies while still maintaining control and preserving the flexibility you need in the event of unforeseen circumstances.
- Pre-Liquidity Planning: What you need to build a comprehensive liquidity strategy for financial planning, asset protection and estate planning to the greatest benefit post-sale.
- Insurance Planning: New tax laws may change the assumptions you initially used to put your insurance plan into place.
- Income Tax Planning: Consider restructuring your business to optimize its available income tax benefits under the new law.
Alvina H. Lo
Chief Wealth Strategist, Wilmington Trust
Alvina is responsible for overseeing the wealth planning, strategic advice, and thought leadership services for Wilmington Trust's Wealth Advisory division. She manages a national team of wealth strategists, financial planners, and thought leadership experts, who together, serve as advisors to high-net-worth individuals and families, business owners, entrepreneurs, and foundations and endowments.
Prior to joining Wilmington Trust, Alvina was the director and senior wealth planner for Citi Private Bank where she served as an advisor to both U.S. and international ultra-high-net-worth clients of the New York and cross-border markets. Previous to that, Alvina served as a wealth strategist with Credit Suisse Private Bank and managed the third party trustee platform. Earlier in her career, Alvina practiced law at Milbank Tweed Hadley & McCloy, LLP in the Trusts & Estates Group and served as a consultant for Deloitte Consulting and Scient Corporation.
Alvina holds a bachelor’s degree in Civil Engineering from the University of Virginia where she was a Thomas Jefferson Scholar. She received her J.D. from the University of Pennsylvania, where she was a member of the Law Review and Order of the Coif. She also holds a Professional Tax Certificate in Estate Planning from New York University School of Law.
Alvina is a published author on estate planning matters and has lectured at the American Bar Association, New York City Bar, and Barron’s Top Women Advisors Summit. She is admitted to practice in the state of New York and New Jersey. She is also a member of the Society of Trust and Estate Practitioners (STEP) and is a member of Women In America, a professional development group. She is a regional committee co-chair of the Thomas Jefferson Scholarship Foundation for the University of Virginia. Alvina is bilingual and speaks fluent Chinese-Cantonese and basic Chinese-Mandarin.
Vice President & Wealth Strategist, Wilmington Trust
Publishing Director, Family Business Magazine
David Shaw is the publishing director of Family Business and its sister publication, Directors & Boards. With more than 30 years of experience in business-to-business and consumer media markets, he has served as an editor, publisher, publishing director, group publisher and group vice president of a variety of publications, trade shows, conferences and websites. Prior to founding GRID Media, David served as senior vice president for Phillips Business Information Inc., where he oversaw nearly 100 discrete media properties, and helped build the business from $35 million to more than $100 million in annual revenues. He is a frequent author and speaker on issues related to business-to-business media, multi-generational family businesses and private and public company governance. He is married, with two grown children, one serving in the Navy and the other in law school.