The proceeds would be used to purchase the share in the business that was owned by the deceased partner from his or her family. The surviving partners could then go forward running the business as usual. At the same time, the family members could go forward with liquidity that could be distributed among multiple different inheritors. Learn more about Buy-Sell Agreement in this presentation.
Latest posts by Raymond German, Estate Planning Attorney (see all)
- Can I Contest a Trust? - June 2, 2020
- Planning for the Sandwich Generation - May 28, 2020
- Choosing the Right Fiduciaries - May 26, 2020
