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Ben McCann Strategies for Business Owners - A Summary

Life insurance can meet business needs as well as personal needs. When the business is the largest asset of an owner’s estate, life insurance becomes a major planning tool. Continuation of the business after death, replacement of key employees, equalization of inheritance for heirs not interested in the business, or the buyouts of other business partners become major estate planning concerns. There are many strategies to assist business owners to meet these estate-planning concerns. Below is a… Continue

Added by Ben McCann on February 4, 2009 at 6:30pm — No Comments

Ben McCann The Buy/Sell Agreement - A Cornerstone for Business & Succession Planning

What would happen to your business in the event of premature death, termination or retirement of a partner or co-owner? Would the remaining owners have the funds available to continue the business? Would there be the risk of losing the business or would the remaining owners have to accept new or unwanted owners? how would the IRs value the business interest for estate tax purposes? a Buy/sell agreement can help provide the answers. What is a Buy/Sell Agreement? a Bu… Continue

Added by Ben McCann on January 13, 2009 at 4:30pm — No Comments

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