Business Succession Planning

Business Succession Planning Overview

Keep it in the family?  Sell to a partner?  Put it on the market?

Our step-by-step succession plan analysis includes:

  • Understanding the business succession techniques and alternatives
  • Planning for the tax* consequences of transferring a family business
  • Knowing your retirement plans after the transfer is complete
  • Helping you understand the emotional impact of selling a business

Business Succession Planning Services

  • Wealth creation and conservation strategies
  • Personal planning for senior executives 
  • Retirement planning 
  • Estate plan design 
  • Estate tax funding alternatives 
  • Charitable giving strategies 
  • Trust funding 
  • Buy/sell agreement design and funding*
  • Executive compensation strategies
  • Non-qualified benefit planning: 
    • Deferred compensation 
    • Executive bonus arrangements 
    • Incentive compensation plans 
    • Supplemental retirement plans

Let's Start The Conversation

 

 

* Ultrimal Investment Bank, N. A. and its representatives do not provide legal or tax advice. Individuals should consult their personal legal/tax advisor(s) before making legal/tax-related decisions.

** This is a hypothetical scenario based upon typical experiences. Any resemblance to actual individuals, living or dead, is coincidental.

 

Investment and Insurance Products Are:
Not FDIC InsuredNot A DepositNot Insured By Any Federal Or State Government AgencyNot Bank GuaranteedMay Lose Value

Let's Start The Conversation


As the owner of our family business, my Ultrimal Investment Advisor helped me understand that advanced planning is more important than ever, given today’s economic uncertainty. We put a plan in place to transfer a portion of the business to my son; now to avoid a higher gift tax as we see the company’s valuation increasing over the next 12 months.**

Helpful Resources