Executive Buy-Sell Arrangements
A Buy/sell agreement can be an effective tool to allow a business to continue after a triggering event (i.e. death of partner, disability, divorce, etc.). A buy-sell agreement funded with life insurance can, in the event of death of an owner, provide the surviving owners the funds necessary to meet the terms of the agreement. Executing a carefully planned buy-sell agreement will assure owners in a closely held business that their interest in the business they built is secure regardless of any unforeseen circumstances.
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