Filed Under:Life Insurance, Life Planning Strategies

How the one-way buy-sell agreement can save a succession plan

Most small business clients have two common — but often competing — goals when planning to exit the business: they want business-oriented successors to retain power over business assets while simultaneously providing for surviving spouses who have not been involved in the business. While controlling the line of succession can be relatively simple, it might unacceptably undermine the client’s ability to provide financial security for the surviving spouse. As an alternative to a traditional spousal lifetime access trust, the one-way buy-sell agreement can ensure that the client’s dual goals are met by providing spousal income security and an orderly business transition in a single package.

The insurance-funded one-way buy-sell strategy

Originally published on National Underwriter Advanced Markets. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
Managing Editor

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