Bite-Sized Bits of Knowledge

Succession Part 2

Succession planning starts with goals. Common goals of business owners are that they want to retire. They may want to sell and then retire. They may want to have the next generation of management take over while they are alive and before they retire. Alternatively, they may desire that heirs start to step in and take over before or after retirement. Business owners may want to continue working until they cannot anymore, and their heirs will inherit the company upon death. Perhaps they want to create an annuity for their family. Each situation is different and requires different approaches. There’s infinite permutations here, and thinking it through is important. That would include thinking about tax, legal, logistics, financing, practicality, teams, systems, documentation, processes, etc.

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Protect your family, assets and business, and gain the peace of mind of knowing you’re prepared and in control. You may feel apprehensive about estate planning, but it doesn’t have to be this way. We’ll help you achieve your estate planning goals and ensure you feel accomplished and confident. With our 4-step unique proven process, leaving a legacy you can be proud of is easier than you think. The alternative can mean significant taxes, court, costs, conflict (litigation) and a host of unpleasant and destructive surprises. Call us to get started today at 954-228-3369.

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