Estate Planning For Business Owners
Primary Roles (3) of Business:
| Current income |
78* |
| Retirement Income |
46* |
| Family Wealth |
46 |
| Business as an Investment |
40* |
| Family Pride |
22 |
| Family Employment |
18 |
| Community Employment |
15 |
| Legacy |
14 |
What is Estate Planning?
The process of developing a plan for the creation, conservation and disposition of your assets so that your goals for yourself and your family, during life and after death, can be realized with maximum effectiveness. There are two components:
| Financial |
- Assets and Liabilities
- Estate settlement costs
- Gifts or Donations
- Taxation
- Insurance
|
|
| Administrative |
- Wills, including gifts or donations
- Buy-sell agreements
- Trusts
- Probate
- Insurance
|
|
