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Business Planning
Ownership Transition
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Leadership Development
Estate Tax Provisions
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Design a Contingency Plan

Succession plans are usually designed to accomplish the client’s goal of transferring ownership and management responsibility to the successor during the owner’s lifetime. However, a sound succession plan must also provide a contingency plan in the event an owner’s premature death or disability forces a transfer before the intended successors are ready.

Integrate the Estate Plan to Complement the Owner's Succession Plans

Estate planning involves transferring an individual’s wealth to his heirs while minimizing transfer taxes. It also includes planning to ensure that the estate has sufficient liquidity to pay taxes and expenses without forcing a sale of the owner’s assets. So, there is clearly an overlap between a business owner’s estate plan and his succession plan.