Insights
Firm News

Preparing for the Transition to the Next Generation

August 12, 2014 Media Coverage

Wine Business Monthly

August 2014

“Preparing for the Transition to the Next Generation”

 

Genevieve Larson notes that succession planning involves a team of consultants.  In the article Larson gives an example of how a large family winery went through the process.

 

“It’s a long process and not something that is going to happen overnight. It’s a team effort,” she said. “We have the legal components, accountants and other advisors that are very specialized to the family business. We’re typically representing family members and the older generation and considering what is going to happen when they die. We also work with outside consultants on psychological issues…that do work with family businesses more from the touchy-feely side of it. A lot of times these are very hard issues that make up the family dynamic. Generally, they have to deal with those issues before they can talk about the business issues.”

 

Firm Highlights

News

Farella Represents the Bundschu Company in its Acquisition of Valley of the Moon Winery

SAN FRANCISCO, March 5, 2020: Farella Braun + Martel represented the Bundschu Company in its acquisition of the 60 acre winery and vineyard property at the historic Rancho Agua Caliente in Glen Ellen, California...

Read More
Publication

Four Tips for High Net Worth Individuals Desiring to Utilize Record-High Lifetime Exemptions

The historically high lifetime exemption amount for gift, estate and generation-skipping transfer taxes increased from $11,400,000 to $11,580,000 per person this year due to inflation indexing. Individuals who had used up their lifetime exemption...

Read More
Publication

Force Majeure and Contractual Non-Performance During the Coronavirus Pandemic

Never in the experience of most of us has an event so thoroughly interrupted business as usual as the coronavirus (COVID-19) pandemic. Everywhere, contract parties facing severe stress in their businesses are reassessing their contractual...

Read More
Publication

Wealth Transfer Strategies in Today’s Market

Current market conditions and the federal gift and estate tax laws present wealth transfer opportunities that high net worth individuals may wish to leverage over the near term. Federal Gift and Estate Tax Exemption...

Read More
Publication

Your Retirement Planning and the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act (or SECURE Act), signed into law on December 20, 2019, changes retirement planning significantly and unexpectedly. The bulk of the changes become effective as of January...

Read More
News

Farella Braun + Martel Announces 2020 Partner Elevations

SAN FRANCISCO/ST. HELENA, Calif., January 21, 2020: Northern California legal powerhouse Farella Braun + Martel is pleased to announce the election of senior associates Evan Abrams, Lauren Galbraith, and Alex Reese to the partnership...

Read More