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.
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.
Wilmington Trust’s Chief Wealth Strategist, Alvina Lo, shares her insights on this podcast hosted by Trusted Counsel: In Process: Conversations about Business in the 21st Century. In this segment, Alvina discusses what business owners and their chief executives should be thinking about in order to get their businesses to a point where they’re ready to be sold.