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Friday, October 21, 2005

Business Continuation Planning

As a business owner, much of your wealth is probably tied to your business. While that may help the business grow, it may also create severe liquidity problems for your beneficiaries when you die. The value of your business will be included in your estate. How will your beneficiaries get the liquidity necessary to pay taxes due?

Will they be forced to liquidate the business, or a portion of it, at a loss? Forced liquidation could have the following results:

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