Life insurance has long been considered one of the primary tools for both estate planning and succession planning. For small business owners, these two planning challenges are thoroughly intertwined.
Estate Planning Techniques for Small Business Owners offers a comprehensive overview of estate and succession planning. It explains how life insurance and other financial tools can be used to meet a business owner’s planning needs by providing liquidity, equalizing inheritances, funding trusts, preventing estate shrinkage, and creating wealth and income for survivors.