The impact from the death or removal of a co-owner, be it a shareholder, LLC member, or partner, can be softened in a time otherwise marked by a high degree of stress. A properly drafted and up-to date Buy-Sell Agreement helps plan for and eliminate almost all of the business continuity issues related to the death of a co-owner.

We recognize talk of life insurance does not typically gather a crowd around the water cooler at work, but as wealth advisors and planners, the proper use of this tool can be very impactful (in ways that are not always immediately appreciated too).