The benefits of having a business succession plan in place are obvious:
StateTrust Life & Annuities offers the best plan for you to ensure your children or beneficiaries enjoy an organized, sensible asset transfer process, while helping them avoid the high costs involved in this procedure.
Life insurance plays an important role in succession planning. The benefits it provides can be used to cover the costs or taxes due at the time of death of the policyholder. It also provides tax-free assets that help preserve the estate.
Consolidating these assets under a solid financial structure ensures that both family members and beneficiaries will not be affected by any outstanding debt, legal issues and/or family conflicts.