Illiquid real estate and business interests held through entities are often assumed to be non-marketable or untouchable assets of an estate. This course challenges that assumption and demonstrates how fiduciaries can responsibly and lawfully monetize these interests. Participants will learn the step-by-step process for determining and obtaining market value, understand key legal and fiduciary protections when selling or leveraging entity interests, and gain practical insight from an attorney on minimizing personal and professional risk. Real-world case studies presented by the faculty will illustrate successful strategies, common pitfalls, and best practices for fiduciaries managing complex, illiquid assets.
A2 – Selling Squabbles: How To Sell Real Estate & Business Entities
Speakers
David Berrent
Pais Montgomery Fiduciary
David Berrent is a California licensed professional fiduciary and partner at Pais Montgomery Fiduciary. He’s a specialist in probate matters for families and attorneys who need someone to serve as: Trustee, Successor Trustee, Estate Executor, Probate Administrator or Conservator. Pais Montgomery Fiduciary specializes in tackling problem assets and estates struggling with contentious litigation. David often serves as a neutral third-party trustee or conservator in cases where there is litigation over a trust, estate or elder law matter. He is experienced in taking overactive operating businesses to prepare for sale or distribution to beneficiaries. As a part of his practice, he manages and sells real estate holdings of all sizes and compositions. David also brings 30 years’ experience in the entertainment industry giving him unique skills for management of trusts and estates containing intellectual property assets.
Todd Wohl
Braun International & Premiere Estates International Real Estate
Todd Wohl, Senior Partner of Braun International, BraunMIMX, and Premiere Estates International Realty Organization, is a distinguished specialist in the valuation, brokerage, and auctions of Real Estate, Business Assets, and Partnership Interests. With a track record of valuing and selling over $2 Billion in business real estate, Todd’s expertise is widely recognized. His professional accomplishments include appearances on FOX Television’s “The Complex – Malibu,” HGTV’s “Real Estate Confidential,” and The Today Show. Todd has been quoted in regional and national newspapers, adding to his credibility in the industry.
As a certified appraiser, Todd excels in valuing real estate, minority, and partnership interests. His role as an expert extends to real estate dissolution, sale, and strategy situations for Fortune 100 companies, Trust companies, Fiduciaries, and Court matters involving Probate, Family Law, Bankruptcy, and receivership courts.
Todd’s experience further includes providing expert witness testimony in numerous state and federal courts, representing esteemed clients such as GE Capital, McDonald’s, Nissan Motors, Ford Motor, and Primus Financial.
Lauriann Wright
Wright Kim Douglas, A Law Corporation
https://www.wkdlegal.com/
Lauriann Wright, founding partner of WKD, is an experienced, award-winning probate litigator located in Glendale, California. For over 25 years, she has been practicing all phases of probate law and litigation, including conservatorships, guardianships, trusts, and probate estates, predominantly in Los Angeles County.
Ms. Wright has conducted numerous contested probate bench trials, dozens of depositions, and written and argued several probate appeals. She has successfully represented professional fiduciaries in numerous contested and protracted probate litigation proceedings including those involving high net worth trusts and estates. Ms. Wright is experienced in skillfully and discreetly navigating the media in high-profile cases, working with public relations and crisis management professionals as needed. Some of her high-profile cases include the trusts for the benefit of Bradford Disney Lund (grandson to Walt and Lillian Disney), the Conservatorship of Britney Spears, the Conservatorship of Haddie Fishburne (mother of Laurence Fishburne), the trust for Nancy Dow (mother of John Melick and Jennifer Aniston), Conservatorship and Trust of Virginia Armstrong (mother (-in-law) to film producers Lani Netter and Gil Netter) and others. Ms. Wright also proudly represents the Anti-Defamation League in various trust and estate matters related to its charitable bequests.