Case Study: How a Business Owner Might Plan for Succession
Imagine a company owned equally by two partners. It has employees, loans, long-term customers, and significant enterprise value. If one owner dies, several questions arise: Who owns the shares? Can the surviving partner afford to buy them? Does the family want to become involved in the company? A properly drafted buy-sell agreement can establish a […]
Case Study: Protecting a Young Family With Layered Life Insurance
Imagine a married couple in their mid-30s with two young children, a mortgage, two incomes, retirement savings, and college goals. Their largest risk is the loss of years of future income. A large term policy may efficiently protect the years until the children are independent, the mortgage is smaller, and retirement assets are larger. The […]