How to Start the Succession Planning Conversation

As insurance providers, you are aware of the fact that the majority of your business-owning clients are ignoring the reality that at some point in time they will have to relinquish management and ownership of the enterprise that they have created or inherited. You have probably had a hundred interviews that touched on this topic … Continue reading

A Smart Approach to Retirement for Small-Business Owners

Uncertainty in the tax code and the looming possibility of an increased tax burden continue to perplex small businesses. Among the chief concerns are a number of soon-to-expire tax provisions that may result in rising income, capital gains and estate taxes in 2013. As a result of this uncertainty, many small-business owners who have experienced … Continue reading

Using Life Insurance To Finance The Sale Of A Business To Key Employees

After months of consultation with a business owner, the business succession plan is in place. The business will be sold to the key employees when the owner retires in five to 10 years. This is a fairly common result these days when there is no readily available buyer for a business or a business owner’s … Continue reading

Women particularly at risk when it comes to disability

The impact of disability can leave women, especially single women, financially vulnerable BRYN MAWR, PA – According to a new study released by The State Farm Center for Women and Financial Services at The American College, women, whether they’re working or a stay-at- home mom, single or married, women are most at risk both physically … Continue reading

Successful Succession Planning Depends on Updates

Providing business owners with a solid succession plan can be crucial to the long-term protection and preservation of their entity. While many advisors are familiar with how to structure and fund a succession plan, many fail to provide proper maintenance after the creation and implementation of these agreements. This can have dire consequences that undermine … Continue reading