The financial review can uncover additional planning considerations across eight categories. Not every review will identify opportunities in every category.
Example: A company is financially dependent on one owner whose unexpected absence could disrupt operations. The review may identify a business continuity funding concern that warrants additional evaluation.
Example: An owner plans to transfer ownership to a family member, but the existing agreement does not reflect the intended transition. The attorney may identify a need for updated succession documentation.
Example: A profitable owner intends to retire within ten years but has limited retirement assets outside the business. The review may identify an opportunity for additional retirement planning.
Example: An owner depends heavily on active business income and has limited protection against a long-term disability. The review may identify a financial protection need.
Example: One child works in the family business while another does not. The review may identify an estate equalization issue for the attorney to evaluate.
Example: A company depends heavily on a senior employee whose departure could materially affect profitability. The review may identify key-person protection needs.
Example: A profitable business may benefit from evaluating retirement plan options suitable for its owners and employees. The attorney may be involved in legal documentation as appropriate.
Example: A business struggles to retain critical employees and wants to explore longer-term incentive arrangements. The review may identify opportunities requiring financial, tax, and legal coordination.
All identified planning opportunities and proposed recommendations are shared with the referring attorney before any recommendations are presented to the client.
The following examples are hypothetical and do not guarantee additional legal work, compensation, or client outcomes.
Potential finding: Buyout funding may no longer align with estimated ownership value.
Potential attorney involvement: Purchase-price review, succession changes, and funding-related legal considerations.
Potential recommendations are reviewed with the referring attorney before client presentation.
A corporation owns life insurance on its shareholders to fund a redemption arrangement.
Potential finding: Insurance proceeds may affect estate tax value.
Potential attorney involvement: Estate tax review, buy-sell structure evaluation, and estate liquidity planning.
Potential recommendations are reviewed with the referring attorney before client presentation.
One child works in the business while another does not.
Potential finding: Existing succession arrangements may not reflect the owner's estate distribution objectives.
Potential attorney involvement: Estate equalization, trusts, and succession documentation.
Potential recommendations are reviewed with the referring attorney before client presentation.
An owner expects to retire within eight years and has substantial wealth concentrated in the business.
Potential finding: Retirement income and business transition planning needs.
Potential attorney involvement: Business transition arrangements, retirement plan legal considerations, and estate coordination.
Potential recommendations are reviewed with the referring attorney before client presentation.
A medical practice depends on a key physician or executive who may leave.
Potential finding: Retention and business continuity needs.
Potential attorney involvement: Executive benefit agreements, deferred compensation arrangements, and employment-related planning.
Potential recommendations are reviewed with the referring attorney before client presentation.
A buy-sell agreement requires purchase of an owner's interest upon disability, but the available policy definition or benefit structure may not align with the agreement.
Potential finding: Funding may be unavailable when the contractual buyout obligation arises.
Potential attorney involvement: Review of triggering-event provisions and disability buyout terms.
Potential recommendations are reviewed with the referring attorney before client presentation.
A complimentary review of your business value and buy-sell funding — with no cost and no obligation.