ESTATE PLANNING COUNCIL OF THE FUN COAST

Business owners have typically spent their working lives accumulating assets in preparation for retirement on the understandable belief that the best place to put profits was back into the business. But with the process of accumulation often becoming an end in itself, it became easy to lose sight of the larger goal of sustainable income for retirement. With retirement now imminent for many boomers and all assets tied up in the business, retirement is at the mercy of events such as business failures, adverse economic conditions, or children who can't or don't want to continue the business. This program explains the importance to business clients of separating their personal wealth from their business. Using case studies of a mid-sized C corporation with tax liabilities and a small closely held business which is an LLC, experts show how a "separation strategy can provide economic independence with no change in standard of living, regardless of what happens to the business. Financial planners will benefit from the discussion of the various strategies, including the use of life insurance, to separate personal from business wealth to create ongoing retirement income.

Attendees will learn:

Financial planners, insurance producers, investment advisors, and retirement counselors.

Intermediate

 

CE Credits:
ICB CFP CIE CLE CPE PACE CPC Enrolled Actuary