Protecting your business for the future
Why do we need a buy-sell agreement?

A buy-sell agreement sets out the terms under which the interest of the disabled or deceased shareholder will be sold. It also contains provisions for the transfer of ownership when you retire. As well, if properly funded, the shareholder’s family will receive fair market value for the shares. Thus, providing them with capital to help maintain their standard of living. Funding your Buy-Sell agreement with a Life Insurance policy may be right for you.

A properly Life Insurance funded buy-sell agreement can:

• Assure creditors that funds will be available to pay bills.
• Assure existing employees that the company will have the means to continue
• Ensure a market for each shareholder’s interest in the business
• Set the terms under which you and your fellow shareholders agree to buy and sell each others’ interest in the business
• Ensures surviving shareholders have the necessary funds required to buy out the deceased shareholders interest
• Provide for your family in time of need.

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Financial Planning for Children or Adults with Special Needs

Planning to meet the needs of children or adults who have special needs is often complex. Special financial planning techniques may be needed so you don’t jeopardize any government benefits they may be receiving. Many who have special needs require advice and protection throughout their lifetime from someone with legal authority. This person has the authority to act on their behalf. For most persons with special needs two types of protections are required:

1. protection of the estate left to the individual;
2. protection of his or her person in some form of guardianship.

In practice, provisions for these two types of protection often overlap.

Why should families plan?
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