Business owners who intend to leave their successful business to one or more children should consider an insured Section 303 stock redemption plan for estate tax purposes. No one wants to give the government more of their hard-earned money than legally obligated. If planned correctly, an owner of a closely held corporation can reduce … Continue reading Handing a Business Down? Use This Stock Redemption Plan
For business owners, leaving a legacy behind for their children is often a driving factor. Leaving that legacy to chance is not. If the owner of a business passes away, often, the family will have to borrow the cash needed to pay for funeral expenses, taxes on the estate, and ordinary income taxation of stock … Continue reading Can Life Insurance Help Protect Your Legacy?