After building an initial estate plan, a husband and wife with a $40,000,000 net worth still had a significant amount of assets exposed to taxation. T...
Wealth Transfer Strategy
February 15, 2016
Secured the Future Viability of a Professional Services Firm
February 9, 2016
Successful professional services firm valued at $10,000,000 with 4 partners did not have a formal business succession plan in place. Lack of a plan exposed the firm to financial hardship and legal awkwardness.
Solution: We designed a cost effective plan that:
Provided the legal framework to protect the partners and the business in the event of death, disability or early exit of a partner
Created a funding solution using insurance to guarantee the success of the plan
Improved the overall long term viability of the firm