CHOOSING THE RIGHT TRUSTEE FOR YOUR FAMILY BUSINESS

Join Tara Bahn, Director of Shareholder Services for the Clemens Food Group (a sixth-generation, billion-dollar family company), who will share her family’s experiences, Tom Frank, Executive Vice President and Northern California Regional Manager at Whittier Trust, and Barbara Spector, Family Business Magazine’s Editor-in-Chief and Associate Publisher, for an in-depth look at choosing a trustee for your family business.

CHOOSING THE RIGHT TRUSTEE FOR YOUR FAMILY BUSINESS

Wednesday, April 10, 2019

2 PM ET | 11 AM PT

 

 

http://www.infiniteconferencing.com/Events/MLRHoldings/041019_MLR/recording-playback.html

Choosing the right trustee for your family business can be daunting. It’s one of the most important decisions you and your family business will make, so it’s crucial to understand the consequences of your decision. Should you opt for a non-family professional who is focused on trust and estate administration?  Or would someone from within the family be a better choice to execute the duties and responsibilities of a trustee?

This webinar will examine:

  • Why an owner may want to put all or part of the family business in a trust
  • Responsibilities and liabilities of a trustee
  • State law issues
  • Potential pitfalls in naming a spouse or child as successor
  • Issues of diminished capacity among trustees

 

Join Tara Bahn, Director of Shareholder Services for the Clemens Food Group (a sixth-generation, billion-dollar family company), who will share her family’s experiences, Tom Frank, Executive Vice President and Northern California Regional Manager at Whittier Trust, and Barbara Spector, Family Business Magazine’s Editor-in-Chief and Associate Publisher, for an in-depth look at choosing a trustee for your family business.

 


Speakers

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Tara Bahn

Director of Shareholder Services, Clemens Food Group

Tara Bahn is the director of shareholder services for The Clemens Family Corporation. In her role, she develops and administers shareholder policies, serves as the liaison between the company and family members’ legal, financial and other professional advisers, and co-facilitates The Clemens Family Owners Board, the group responsible for creating shareholder governance policies that ensure sustainability of the business. In addition, she oversees the company’s stock register and all stock transactions.  

 Tara is a fifth-generation family member who joined the company in 2014 as corporate counsel. She and her husband, Alex, live outside of Philadelphia with their 8-year-old daughter and 6-year-old son. Prior to joining the company, Tara spent 10 years as an attorney in Washington, D.C., in both public and private practice.

 

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Tom Frank

Executive Vice President and Northern California Regional Manager, Whittier Trust

Tom Frank is an Executive Vice President, Northern California Regional Manager in Whittier Trust's San Francisco office. He is responsible for managing complex client relationships, including investments, planning and family dynamics and fiduciary services, as well as all operations, revenues, staff and other elements related to the Northern California region. 
 
Tom brings over thirty years of experience in comprehensive family office services including investment consulting, banking, trust and fiduciary, family education and financial administration for high net worth clients. His most recent position was Director, Relationship Management with Abbot Downing (formerly Wells Fargo Family Wealth) in San Francisco. Tom's prior experience includes various positions at Bessemer Trust including Managing Director/Head Of Client Account Administration, Managing Director/Senior Resident Officer/West Coast Head, Senior Vice President and Vice President. Previous employers include DLJ Asset Management and US Trust. 
 
Tom earned his JD from Brooklyn Law School and a Bachelor's degree in foreign service from Georgetown University. He is a member of the California Bar Association and the New York Bar Association. Tom is a Registered Trust and Estate Practitioner (TEP). 
 
Tom is a trustee of De Marillac Academy, a school in San Francisco's Tenderloin district serving the needs of at-risk children, a Director of the San Francisco Estate Planning Council and was a volunteer mentor with Big Brothers Big Sisters. 
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Barbara Spector

Editor-in-Chief and Associate Publisher

Barbara Spector, who grew up in a family business, has served on the editorial staff of Family Business since 2000. She has been editor-in-chief since 2004 and became associate publisher in 2011. She has compiled and edited seven volumes of the acclaimed Family Business Handbook series. Previously, she was the managing editor of Jewelers' Circular Keystone, a trade magazine for the jewelry industry, which is primarily composed of family businesses. She is a magna cum laude graduate of the University of Pennsylvania.

 

Benefits

• Completely FREE to attend 
• Opportunity for questions and feedback
• Unbiased third-party family business education 
• All participants receive a copy of the webinar materials after the event
• All participants receive the Family Business Magazine weekly newsletter, with news, tips and trends that impact your family business. You may, of course, opt out at any time.
• 60 minutes -- maximum value for time

Sponsor

Whittier Trust