Succession planning involves several significant issues for business owners. There is no one-size-fits all approach to keeping the business in the family. The tools and techniques best suited to a particular business are fact-specific. Life insurance and disability insurance can play an important role in helping a business survive and thrive as it moves from one generation of owners to the next.

Our team identifies the business owner’s objectives and develops a comprehensive business plan during the owner’s lifetime and following the owner’s death. We work to identify each specific goal, and then address the goal in a manner that satisfies the owner. We can advise on the effective use of life insurance to provide liquidity to family members and partners following a shareholder’s death. We provide financial equalization tactics for family members do not wish to participate in a family business. Our team works closely with tax attorneys and accountants to help reduce estate, gift, and income tax concerns as well as provide funding strategies for excess tax liabilities.