cs2 The XYZ Ranch had been in the family for three generations. At 73, Gary knew estate planning was overdue. He and his wife Cheryl wanted to reward son Gary Jr for staying on the ranch for the past 20 years and helping it grow. But they also wanted to be fair to their three daughters who left the ranch after high school and now all have successful careers and families in other cities. Cheryl says the “girls” still have an emotional tie to the ranch. Gary Jr believes they would sell the ranch in a heartbeat and also worries about the burden that estate taxes will put on the ranch. Gary has been diagnosed with Alzheimer’s and knows he can’t procrastinate any longer. DO YOU HAVE ACTIVE CHILDREN WHO WANT TO KEEP THE BUSINESS BUT INACTIVE CHILDREN WHO MIGHT WANT TO SELL? CFG can help you structure buy out arrangements that won’t cripple the company. Whether it’s time to buy out retired senior family members or its time to put agreements in place for the next generation, CFG knows the tax, cash flow and family hurdles that have to be crossed to get a deal done.
CFG Business Solutions
Family Business Succession & Wealth Governance Life Insurance Solutions
CFG Business Solutions

SUCCESSION PLANNING SERVICES

Do you have a financial and emotional stake in a closely-held company? Planning for and implementing a succession and ownership transfer plan can be a daunting task. Many prefer to procrastinate and avoid this difficult issue putting the business and the family’s assets at risk.

At CFG, we have the experience and capabilities to motivate and guide stakeholders through a process of change. CFG explores important issues with all involved and crafts a customized solution for each client's unique situation.

  • Interviews and data gathering
  • Family meetings and prioritization of tasks
  • Keep or sell planning
  • Facilitate/mediate shareholder buyouts
  • Leadership development and coaching
  • Business valuation modeling
  • Scenario planning including cash flow and financial statement projections
  • Key employee buyouts/buyins
  • Estate planning coordination
  • Coordination with existing attorneys, CPAs
 Life Insurance Solutions
Case Study 4