Business Planning

Why do you need to have a plan?

At some point every owner leaves their business, voluntarily or otherwise. At that time, business owners want to receive the maximum proceeds from a sale to accomplish personal, financial, and estate planning goals.

How can The Family Heritage Trust Company help?

We believe that there are four business principles that should shape a business owner's pre-sale or transfer approach:

  1. Defining personal financial goals is an essential component of evaluating and managing the sale proceeds.
  2. Addressing living standards and spending needs prior to the sale helps to ensure maintenance of one's lifestyle.
  3. Orchestrating trust vehicles to help maximize sale value and fulfill financial goals.
  4. Defining a post-sale investment plan before the sale to help implement strategies at the most opportune time.

Many specialists with focused expertise are typically a part of the business seller's advisory team, as no one single professional will have all of the answers. The Family Heritage Trust Company, with its independent and objective fiduciary powers, acts as a contributing member to this team, and works in concert with all of your advisors to ensure a smooth and profitable transition.