Important Considerations for Business Succession Planning…
When it comes to passing your business to your children, the financial aspects can be complex. It’s crucial to determine your own financial needs for supporting your lifestyle and retirement. Collaborate with a team of advisors who can help address questions such as how your children can support your financial needs and whether the money should be received upfront or over time.
Effective tax planning, both income and estate tax, plays a significant role in creating a comprehensive succession plan that aligns with your goals.
To learn more about Succession Planning options and detailed paths to consider, view additional videos and information on legacy-online.com.
