Options When Family Business is Main Asset

On June 17, 2024, the Boston Celtics cruised past the Dallas Mavericks to win the NBA Finals. Two weeks later, the family holding a controlling interest in the team announced they intend to sell their shares in the team. Why would the owners sell after having just realized their dream? Boston-area estate planning attorney Maria Baler noted the curious language in the team’s announcement (the sale is due to “estate and family planning considerations”), and offered some thoughts on why having cash rather than a stake in a business makes estate planning easier...

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2024 - 09_Family Business Main Asset.pdf

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