By Bill Hesch
Estate Planning Mistake Number 10 – Failure to set up a Buy Sell Agreement as part of your succession plan to limit the marketability of the stock ownership being inherited by family members and to control how buy out price is determined upon death, disability, termination of employment or other triggering events.
Does your business have a Buy Sell Agreement in place to limit the marketability of the stock ownership being inherited by family members?
Does your business Buy Sell Agreement provide for a fair and equitable buy out price upon the death, disability or termination of employment of business owner?
Click on the video from the February 2nd, 2017, Estate Planning Workshop at the bottom of this post to find out how to use a Buy Sell Agreement to designate who will take over control of the business if you died or became disabled and how to properly value the business if a buy-out is triggered.
To find out more about all of the top 10 estate planning mistakes made by business owners, go to Heschlaw.com. You can watch a video of Bill discussing the top ten estate planning mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office.
Estate planning is complicated. Are you getting all of your estate planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion.
Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away.
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