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  • What We Do
    • Corporate Culture
      • Culture Handbook
      • Diversity, Equity & Inclusion
    • Corporate Communications
      • Social Intranet
      • Social Media
      • Public Relations
      • Crisis Communications
      • Multi Media Production
        • Marketing-Advertising Resources
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        • Credits And Awards
        • Traditional Media
    • Performance Guarantee Insurance
  • How We Do It
    • Clarity First
    • Our Process
      • Project Management
    • Our Mission & Vision
    • Our Culture
    • Our Success
    • Proven Results
  • Your Resources
    • Our People
    • Integrated Payment Solutions
    • Learning Center
    • TJ Agresti's Blog
    • Jeremy Littman's Blog
    • News
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  • Contact Us
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Buy-Sell Agreements - I need to know

4/18/2020

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What Are They And How To Fund It 
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Buy-sell agreements are critical when dealing with a closely held business and yet often ignored or given short shrift by business owners. Life insurance is an effective tool that business owners can use to implement the provisions of a buy-sell agreement by providing liquidity at the death of an owner to both his or her business and family. Having a properly drafted buy-sell agreement is key in avoiding conflict and memorializing how life insurance proceeds are to be used at the death of a business owner. The creation of a separate entity to hold life insurance is increasingly being used by practitioners in buy-sell agreement planning to avoid tax traps and other pitfalls.
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