Family
business experts estimate that approximately one-third of
family businesses will survive to the second generation, 12%
will survive to the third, and 3% will still be viable in
the fourth generation and beyond*. This proves that whether
you plan to retain or sell your business at death,
disability or retirement, you need expertise to help you
structure an arrangement to maximize the tax and financial
benefits to you and your family. Our associates are
specialists in business succession planning strategies,
including buy-sell agreements (such as stock redemption and
cross-purchase agreements), the use of life insurance,
grantor-retained annuity trusts and family limited
partnerships. We work with you and your advisors to develop
strategies that maximize control if you wish, while still
allowing the business to smoothly transition whenever you
choose.
*Facts on
Family Business in the U.S., from the Family Firm Institute,
ffi.org.
Services Include:
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Buy / Sell Agreements
-
Stock Redemption
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Cross Purchase
-
Gifts of Corporate Stock
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Life Insurance
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Private Annuities
-
Family Partnerships
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