Why Every Business Owner Needs An Exit Plan!

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2. Assure your lifestyle. You can convert highly taxable built-in appreciation to tax-free profits and tax-efficient income. You can create protected lifetime income streams.

3. Protect your wealth and income from legal judgments. With prudent planning measures, you can assure that years and decades of hard work will not be lost to lawsuits. “Predator” protection, divorce protection, and bankruptcy protection are common client concerns.

4. Eliminate or substantially reduce income taxes. Federal and state income tax laws provide a number of planning opportunities which often combine to generate substantial income tax deduction and deferral opportunities.

5. Manage the value of your business. You can maximize the value of your business in the hands of children and succeeding generations to perpetuate their business wealth and the income it produces.

6. Pass value and responsibility to family members. You can provide direction and guidance to ensure the well-being of your loved ones. Spouses want to protect and provide for one another in light of all aspects of the family’s personal and economic considerations. Parents and grandparents want to make sure that each of their children and grandchildren will have the ability to lead productive and meaningful lives, filled with self-esteem and confidence.

7. Reduce gift, estate, & generation skipping taxes. Sound planning can rid you and your estate of these confiscatory taxes. You now must consider both federal and state tax codes in light of major recent changes to the tax laws. Beware of the decoupling debacle!

8. Privacy protection and protection from administrative expense and delay. You can avoid having you, your loved ones, and your estate subjected to lengthy, stressful, and expensive judicial proceedings upon disability or death.
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