What happens when business owners overlook the vital details of their buy-sell agreements?

In this episode, Greg DuPont sits down with David Foster, Director of Advanced Planning for Simplicity Group, to unravel the complexities of business succession planning and how recent legal changes can impact entrepreneurs. Discover why many business owners need to rethink their buy-sell agreements and protect their wealth from unforeseen tax implications like those highlighted in the recent Conley case.

Greg and David discuss: 

• (04:14) The importance of regular review and updates to buy-sell agreements
• (05:51) How the Conley case could change estate tax valuations and why business owners should care
• (09:59) Practical steps advisors can take to safeguard their clients’ interests
• (14:06) Various complex solutions available for high-net-worth individuals and business succession planning
• (21:07) Common mistakes for small business owners trying to minimize taxes and how to avoid aggressive tax strategies
• And more

Tune in to gain clarity on essential financial strategies and learn how attorneys can better serve their clientele with advanced planning techniques. Don’t miss out on these critical insights that could save you and your clients from potential financial buy-sell oversights.

Connect with Greg DuPont:

• Wealth Solutions Network Website (JoinWSN.com)
• LinkedIn: Greg DuPont
• LinkedIn: Wealth Solutions Network
• LinkedIn Group
• Facebook: Wealth Solutions Network
• info@wealthsolutionsgroup.biz
• (614) 432-8065

Connect With David Foster:

• Simplicity Group
• LinkedIn: David Foster
• LinkedIn: Simplicity Group

About Our Guest:

David Foster is the Director of Advanced Planning for Simplicity Group. David focuses on wealth transfer, business succession planning, charitable planning, and executive compensation planning.