Stern Slavutin-2:
Offering guidance on "decisions that are often irrevocable."

Our clients with family-owned or closely held businesses often seek advice and assistance on three critical matters:

• Providing liquidity for an equitable distribution of estate assets to family members not active in the business

• Assuring a smooth transition when a principal dies

• Cushioning the business against the loss of a key employee

When preparing for any of these concerns, the proper use of life insurance is essential to a plan's success. As insurance specialists, we contribute our expertise to such considerations as…

• Matching coverage to the client's age and business situation -- term life insurance for younger clients or for short term purposes, cash value policies for long term needs, joint life second-to-die coverage for mature clients.

• Structuring the buy/sell plan -- cross-purchase versus entity agreements, and their tax differences

• Avoiding life insurance tax traps and transfer-for-value problems

• Funding buy/sell agreements through split-dollar arrangements

• Using second-to-die policies -- adding necessary riders, examining unique tax consequences

Concern for the future of a business demonstrates the client's commitment to family, partners and employees. It is our privilege to help translate this sense of dedication into a seamless, perfect strategy.

Stern Slavutin - 2 Inc. is not engaged in rendering legal or accounting services. If legal or accounting advice is required, the services of a lawyer or accountant should be sought.