Although the focus in estate planning is usually on the family, it’s important for business owners to give due consideration to passing on their business interests as well. This session reviews the issues that estate planners should raise when discussing business succession, including:

• What are the risks and contingencies you need to deal with?

• What issues arise in the context of total and permanent disability versus death?

• Ways to pass control to remaining partners/business owners

• Managing life and TPD insurance in the succession plan

• Using buy-sell arrangements to deal with succession issues

• The importance of shareholder agreements - and what should be in them regarding estate planning