Devon Card Profile Follow Mail The death or disability of a business co-owner can have serious consequences for your business’s ongoing operational ability, making business succession planning an essential component of any company’s future planning. In this article, we provide comprehensive answers to often-asked questions about buy-and-sell agreements.
Being funded by a life policy that pays out on the death of a shareholder means that the funds will be readily available to conclude the share sale transaction quickly. How does it impact one’s estate planning? In terms of the Estate Duty Act, the proceeds of all domestic policies paid to a deceased estate will be considered deemed property and therefore subject to estate duty.
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