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.
Attorney at German Law
Raymond J. German provides a wide range of estate planning services to his clients, with a primary focus on creating peace of mind providing for the security of their loved ones, reducing taxes and avoiding a probate, all with a well-crafted estate plan. Mr. German defines the mission statement for German Law as “Helping one family at a time pass on values, beliefs and finances, that can be shared for generations to come.”
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