Ensuring a peaceful succession with a buy-sell agreement

A buy-sell agreement is a critical component of succession planning for many businesses. It establishes the ground rules for an owner’s departure, such as because of death or disability. These difficult circumstances can lead to turmoil. A buy-sell helps ensure that heirs are fairly compensated for a departing owner’s interests, and unwilling or unknowledgeable spouses (or other heirs) don’t suddenly become co-owners. The agreement also helps minimize operational disruption. Let us help you with the tax and financial aspects of creating or updating your buy-sell.