Life insurance for business succession can provide an important source of liquidity when a family business passes from one generation to the next. But...
Life Insurance for Business Succession
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Insights
Business Planning
Life insurance for business owners can play an important role in business succession, buy-sell planning, key person protection, executive benefits, and other strategies for closely held businesses. Explore insights on using life insurance as part of a coordinated business planning strategy.
Corporate-Owned Life Insurance: Preserving Business Capital
Closely held corporations often retain a portion of their earnings to support operations, future growth, acquisitions, equipment purchases, debt obligations,...
Understanding the Restricted Property Trust: A Strategic Solution for High-Income Business Owners
For successful business owners with annual earned income exceeding $700,000, reducing income taxes while building long-term wealth is a constant challenge....
Funding a Buy-Sell Agreement With Life Insurance: What Business Owners Should Know
Funding a buy-sell agreement with life insurance requires coordinating the legal agreement with the capital needed to complete the transaction. A buy-sell...
Life Insurance Planning for High-Income Clients: A Guide for CPAs
Life insurance planning for high-income clients can involve decisions that extend well beyond the selection of an insurance policy. CPAs who advise affluent...
How Life Insurance Enhances Executive Bonus Plans
Attracting and retaining key employees can be a significant challenge for closely held businesses. Salary, cash bonuses, equity incentives, and qualified...
How Successful Business Owners Can Use Life Insurance to Reduce Taxes
If you're a successful business owner earning $700,000 or more in annual income, you’re likely aware of just how punishing the tax code can be. Despite maxing...
Transferring Business-Owned Life Insurance: Tax and Basis Considerations
Transferring business-owned life insurance to an individual may make sense for several reasons. A business owner may be selling or leaving the company and...
[CASE STUDY] How A Restricted Property Trust Reduced Our Client’s Tax Rate From XX.X% to YY.Y%
A Restricted Property Trust provides business owners and/or key executives with tax-favored, long-term cash accumulation and income distribution. A Restricted...