Estate & Business Succession Planning

  • Estate Planning

Estate planning has to do with putting an orderly plan in place to protect and transfer the wealth that you have worked so hard to create, to the people and/or causes that matter to you most. Typically this involves working with your other trusted advisors—attorneys and CPA’s— to create a strategy that will carry out the transfer of your assets as you intended once you are gone. Failure to formulate your intentions and creating a plan for them can potentially have devastating consequences from an emotional and economic perspective. We are equipped to help facilitate a solution.

  • Business Succession Planning & Key-person Coverage

As a business owner, you want to insure that if something happens to you or as you near retirement that your company has a “roadmap” to guide your team. Planning for the day you leave your business is a valuable investment. Whether you decide to sell, retire or have to get out of business due to health reasons, it’s important that you spend the time to plan what you’re going to do. A good succession plan enables a smooth transition with less likelihood of disruption to operations. By planning your exit strategy well in advance you can maximize the value of your business and enable it to meet future needs.

We can assist you in evaluating various succession plan structures and enable you to make an educated decision on putting one in place. Once this first step is complete, we will continue to help you monitor and adjust for inevitable changes that will occur.

Obviously, in addition to your leadership, the success of your business is tied to certain Key People in your organization that are critical to future performance. We have solutions that can mitigate the financial impact if one of these individuals unexpectedly dies or becomes disabled.

  • Life Insurance Analysis & Planning

Life insurance is a necessary and valuable component to almost all financial plans. Carriers, products and pricing are constantly changing; as are your needs for coverage.
BCG is equipped to assist you in evaluating your need for coverage, and can analyze existing policies that you may already have in place. Due to product innovations, in some cases, we have been able to provide equal or additional coverage for equal or lesser premiums.