Working Together to Solve a Complex Business Succession Need
Speakers: Caroline McKay
Year: 2020
Body of Knowledge:
Business Planning,
Buy-Sell Arrangements
Competence: Technical |
Level: Broad |
Session Rating: 4.36
Principal owners of a successful family business, in its 4th generation, looking to balance individual succession/retirement needs against the needs of the business and minority shareholders. After bringing together the resources of the carrier with the clients’ advisors, Mark was able to help implement a tax-efficient funding and ownership strategy to purchase life insurance on each of the key owners. This session will focus on the funding strategy used, key resources required to implement the plan, and product considerations.