Enhancing The Value of Your Business Ahead of Your Succession Plan
By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI The life cycle of a closely held business can be compared to that of your typical family home. When you are considering the purchase of a home you analyze location, price, size, current mortgage rates and the overall appeal of the home. You have a
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Buy-Sell Agreements Need Regular Check-Ups
By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI Buy-Sell agreements are commonly implemented by business owners to place legal limitations and guidelines on future transfers of their business interests, thereby securing a smooth transition of the business. Properly documented buy-sell agreements also help to assure the continued success of the business by avoiding
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Building Flexibility into your Wealth Transfer Plan
By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI “The only constant in life is change."Heraclitus Developing a strategy to accomplish your wealth transfer goals is a unique experience. Other forms of financial planning generally involve a known time frame to reach your goals. When you plan for your retirement, you probably have a
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