I’m about to retire, what do I need to do?
https://familyinsuranceplans.com/wp-content/uploads/2021/08/500x500-THE-IMPORTANCE-OF-A-BUY-SELL-coverImage.png 500 500 Samuel J. Esaw https://familyinsuranceplans.com/wp-content/uploads/2018/08/combinedLogo.jpg Samuel J. Esaw2021-08-01 07:15:032021-08-02 06:15:04Importance of a Buy-Sell Agreement
Working as a partnership between 2 or more individuals is never an easy task, and the situation only gets more complicated when one or more of them exits the business. Protecting not only the business, but your personal interests, as well as your family’s future are very important objectives for any business owner, and should not be overlooked.
https://familyinsuranceplans.com/wp-content/uploads/2021/07/Life-Insurance-after-60.jpg 281 500 Samuel J. Esaw https://familyinsuranceplans.com/wp-content/uploads/2018/08/combinedLogo.jpg Samuel J. Esaw2021-07-05 16:15:072021-07-06 15:15:07Life Insurance after 60- is it necessary?
You may have had life insurance for as long as you can remember. You knew it was important to make sure that your family would be taken care of and be able to pay their bills if anything happened to you. But now that you’re over 60, your children are grown, and your mortgage is paid off, you may feel you don’t need life insurance anymore. However, there are some circumstances under which it may still make sense for you to have life insurance: • You still have substantial debt. • You have dependent children or grandchildren. • You want to be able to leave a financial legacy.
https://familyinsuranceplans.com/wp-content/uploads/2021/06/ESTATE-FREEZE.jpg 281 500 Samuel J. Esaw https://familyinsuranceplans.com/wp-content/uploads/2018/08/combinedLogo.jpg Samuel J. Esaw2021-06-13 16:54:042021-06-14 15:54:06Estate Freeze
An estate freeze can be an integral part of your estate planning strategy. The purpose of an estate freeze is to transfer any future increase in your business's value (generally shares) that you own to someone else.
https://familyinsuranceplans.com/wp-content/uploads/2021/05/Slide3.jpeg 810 1440 Samuel J. Esaw https://familyinsuranceplans.com/wp-content/uploads/2018/08/combinedLogo.jpg Samuel J. Esaw2021-05-09 15:27:042021-05-10 14:27:06Succession Planning for Business Owners
Business owners deal with a unique set of challenges. One of these challenges includes succession planning. A succession plan is the process of the transfer of ownership, management and interest of a business. When should a business owner have a succession plan? A succession plan is required through the survival, growth and maturity stage of a business. All business owners, partners and shareholders should have a plan in place during these business stages.