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050-051 - Financial Considerations In Succession Planning

Some of the items to be taken into account in financial planning for successful succession within a business includes: Life insurance Appointing an independent trustee Appropriate legal documentation Buy/Sell Agreements This paper sets out some of the financial considerations that have to b ...Read more
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  • Description
  • Specifications

Some of the items to be taken into account in financial planning for successful succession within a business includes:

  • Life insurance
  • Appointing an independent trustee
  • Appropriate legal documentation
  • Buy/Sell Agreements

This paper sets out some of the financial considerations that have to be taken into account in successful planning for a family business. Comments include:

  • What Needs To Be Considered?
  • Wills
  • Bankruptcy
  • Pre-Death Planning
  • What Would Happen If The Owner Died?
  • Insurance Can Help
  • Banks And Suppliers