4 Ways to Fund a Buy-Sell Agreement

There are multiple ways you could fund a buy-sell agreement. We will explore 4 methods below: Life Insurance: A common method of funding buy-sell agreements is taking out a life insurance policy on the present business owner or owners. Following an owner’s death, this common, cost-effective method, makes cash available. Be aware that it is…

The 3 Whats of a Buy-Sell Agreement

What Are Buy-Sell Agreements? Buy-sell agreements are a business strategy that creates a legally binding contract between two parties, where one party sells business interest to the other when there is a specific event or situation – such as an owner or major investor’s death, disability, or retirement. What Problem Do They Solve? A buy-sell…

The Basics of a Special Needs Trust

The special needs trust is for those people who want to leave property, assets or money to beneficiaries who are disabled. It is a valuable tool to ensure the eligible beneficiary still receives Medicaid Benefits and SSI (Supplementary Security Income). It is a far better option to consider as compared to leaving cash. Leaving any…