Identify Your Top Planning Concerns: Identify your top planning concerns by answering a few questions. Then, prioritize your top concern. Discuss your concerns and goals with Beckworth Beneficial.
Executive Compensation
Time is Money
Planning Strategies to help a business owner accomplish retirement, business and estate planning goals
Ignoring important Issues involving your business won’t make them go away. It’s easy not to think about challenging issues such as retiring, transitioning to a lesser role in our business, or facing your won mortality. But putting off planning and ignoring these issues will not give you peace of mind.
- How can I ensure my business will continue to thrive when I’m not around?
- How do I successfully transition the ownership of the business?
- How can I enjoy a comfortable retirement?
- How will the business provide for my family if something should happen to me?
- How do I treat my business fairly?
- How can I leave a legacy to my children?
What could happen if I don’t take action?
Your business and your legacy may not survive your death.
3 Steps to Turn your Concerns into a Plan for Success
HOW YOU AND BECKWORTH BENEFICIAL CAN WORK TOGETHER
- Identify Your Top Planning Concerns: Identify your top planning concerns by answering a few questions. Then, prioritize your top concern. Discuss your concerns and goals with Beckworth Beneficial.
- Identify and Implement the Strategies that Best Fit Your Situation: Work closely with your tax and legal advisors to determine which strategies will help address your concerns and move you closer to your goals.
- Fund Your Planning Strategies: Funding each strategy is critical to its successful implementation. You have several options for funding. You should consider all of the options and choose the method that best suits your situation. During this final phase of the planning process, Beckworth Beneficial will work closely with you.
BUSINESS PLANNING STRATEGIES
- Cross-Purchase Buy-Sell
- Defined Benefits Buy-Out
- Employee Stock Ownership Plan (ESOP)
- Entity Purchase Buy-Sell (a.k.a. Stock Redemption)
- Estate Liquidity Planning Using Entity Redemption
- Executive Bonus Arrangements
- Insured Controlled Cross-Purchase
- Irrevocable Life Insurance Trust (ILIT)
- Key Person Life Insurance
- Life Insurance for Risk Protection (LIRP)
- Non-qualified Deferred Compensation (NQDC)
- One-Way Buy-Sell
- Personally-Owned Life Insurance
- Restricted Executive Bonus
- SERP Buy-Out
- Split Dollar (Endorsement)
- Split Dollar (Loan Regime)
- Split-Funded Defined Benefit Plan
- Split Premium Bonus Arrangement
- Wait-and-See Buy-Sell
3 Steps to Turn your Concerns into a Plan for Success
How you and Beckworth Beneficial can work together
Identify and Implement the Strategies that Best Fit Your Situation: Work closely with your tax and legal advisors to determine which strategies will help address your concerns and move you closer to your goals.
Fund Your Planning Strategies: Funding each strategy is critical to its successful implementation. You have several options for funding. You should consider all of the options and choose the method that best suits your situation. During this final phase of the planning process, Beckworth Beneficial will work closely with you.
Time is Money
Here’s why you should have a succession plan for your business