Wilmington Trust’s National Director of Wealth Strategies Drew Horwitz offers timely planning advice to business owners at the 54th Annual Heckerling Institute on Estate Planning. Watch his conversation with Susan Lipp, editor in chief of Trust & Estates magazine, on the importance of planning early while still running a successful business. Please see important disclosures at the end of the video.
Chief Wealth Strategist Alvina Lo shares her insights in a conversation with the Trusted Counsel on the intricacies of selling a business in this August 2019 transcript. She shares how many entrepreneurs and business leaders tend to put off thinking about selling their businesses, and what will happen to their assets without them, until it’s too late. The results of not planning are often felt by families as well as business partners.
Ownership interest in a closely held business often constitutes a significant part of a business owner’s overall wealth. For owners who are concerned about preserving the value of this business capital for themselves, and/or as a legacy for their families, a well-drafted buy sell agreement by and among all of the owners is important.
