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Your business clients know how to run a company and make money, but have they given serious thought to what happens to the business if a key shareholder dies, a partner becomes disabled, or a crucial manager retires? Our instructor gives you tips for getting your clients to think about these tough questions, and offers strategies for developing a succession plan that ensures a business is prepared for any eventuality. Topics include family succession issues; management buyouts; outright sales of a business; buy-sell agreements; using wills and life insurance trusts as part of a succession plan; and issues surrounding valuation of an enterprise.
This course was recorded in March 2011 at PBI`s seminar on Advanced Issues in Estate Planning. This comprehensive, in-depth program is a must attend for any experienced estate planner. Other sessions from the program are available at PBI`s Online Campus.
Richard R. Tarantine, Esq., Tarantine & Associates, P. C., Pittsburgh