For Business Owners, Estate and Exit Planning Join Forces

Estate planning alone isn’t enough protection for business owners, who need to also consider succession plans as well as financial, legal and operational issues.

A business owner turns the sign in the window of his business over so it says Open.
(Image credit: Getty Images)

A comprehensive and well-executed estate plan can help protect your family and assets, minimize tax liabilities and address personal and family matters. For business owners, such a plan should also address the unique considerations and complexities associated with business value and succession planning.

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Tom Kennedy, CFP®
Managing Partner, Global Wealth Advisors

Tom Kennedy helps investors and business owners with their complex financial situations by translating their unique needs into enduring personalized financial plans. With over 15 years in the industry, his area of focus is targeted fixed income, equities, real estate and alternative investments. He currently serves as host of Your Money Momentum, a Global Wealth Advisors podcast on financially related topics. He also serves on the board of the nonprofit United Against Human Trafficking, assisting with business planning and providing trafficking survivors with the financial skills necessary to reduce the risk of re-victimization.