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Description
Exiting a business is a challenging endeavor which requires a diligently constructed exit plan. As part of that plan, many business owners prioritize business enhancements that serve to improve its readiness and attractiveness. A more holistic approach may be appropriate for those owners with aspirations of achieving financial independence, generating legacy wealth for their family, and/or enhancing philanthropic giving. Engaging in personal planning in advance of an exit, in tandem with business planning, offers owners a unique opportunity to optimize the utilization of their wealth. Learn how City National Rochdale can help you focus on identifying gaps and solutions to help empower your clients to make informed decisions about their wealth.
Learning Objectives
Learn the key elements and strategies for effective succession planning.
• Proper succession planning can help to preserve family wealth over multiple generations, minimize estate and gift taxes, ensure assets are distributed according to the family's wishes, maintain family unity and mitigate conflicts, and provide for philanthropic goals and create a lasting legacy
• Learn how to help businessowners with their transition