Over our collective careers, we have advised on numerous estate freezes to the extent we could almost template the transaction. But that would be wrong because there are so many issues and concerns that go into a freeze, such as what the new shares should look like, standard trust terms, etc. (those, and other questions, will be answered later in this series).
With that in mind, the purpose of this blog series is to:
- Outline the purpose and outcome of a freeze,
- Identify a number of issues in determining if a freeze is appropriate for you,
- Once the decision is made to proceed, what the mechanics are to put the freeze in place, and
- What you should do “post freeze”.
So, let’s get started.