JOURNAL ARTICLE

Perpetuation Planning -- Part Two.

  • Published In: Insurance Journal, 2025, v. 103, n. 8. P. 44 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Oak, Catherine 3 of 3

Abstract

The article focuses on various techniques for business perpetuation, particularly for insurance agencies, emphasizing the importance of planning for ownership transfer well in advance. It discusses methods such as gifting stock, personal buyouts, grantor retained annuity trusts (GRATs), employee stock ownership plans (ESOPs), and corporate recapitalization, outlining their advantages and disadvantages. The article highlights the financial implications of each method, including tax considerations, and stresses the necessity of consulting with tax and estate planning professionals to ensure compliance with legal standards. Overall, it aims to guide business owners in creating a sustainable succession plan for their firms. [Extracted from the article]

Additional Information

  • Source:Insurance Journal. 2025/05, Vol. 103, Issue 8, p44
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0020-4714
  • Accession Number:185336877
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