Business Succession Planning1
If you are a business owner, one of the key aspects of your overall Estate Plan revolves around Business Succession Planning. As we work with you and your advisors to develop your Estate and Retirement plans, we provide guidance on Business Succession Planning issues. Issues such as passing the business to family owners or to key management, providing an attractive return to the owner, funding/financing the sale and tax consequences of the sale are discussed as part of the process. Without an effective Business Succession Plan, your years of hard work growing your business could be wasted if the planning process is not completed properly.
For more information on Business Succession Planning options for your business, contact a First Midwest Trust Officer today.