Business succession planning is simply the process of determining how you are going to transfer your business ownership and transition out of a business management role, while maximizing your personal financial security.

At Barrons, we specialize in helping business owners dispose of their businesses in an orderly fashion, with the objective of maximizing the value of your company, minimizing the amount of tax, and coordinating the disposal with your retirement plans.

While you may never have considered the orderly transition of your business to your son, daughter, or business partner, as disposing of it, in effect that is simply what it is. And while you may never have looked upon life insurance as being of value, it is one of the most significant solutions available today when it comes to business succession planning, especially when the disposal is unplanned (at death or disability).

In a recent survey of family owned businesses, 52% of business owners surveyed said that their business represented over one-half of the total value of their estate. If you are relying on the value of your business to fund all or a major portion of your retirement income needs, then you must:

• Ensure your retirement capital is protected
• Come up with a strategy to unlock the value of your business

Barrons will show you how you can provide ample estate liquidity, provide for your heirs who may not participate in the future ownership of your business, defer taxes, and most of all guarantee that your retirement needs are met.