In this episode, we dive deep into the critical aspects of estate and business transition planning. Celeste welcomes experts Oliver Cohn and Israel Miller to discuss the necessity of a well-thought-out exit strategy for business owners.

The conversation covers everything from ensuring business stability and proper due diligence to the emotional and financial complexities involved in successfully passing down or selling a business. They also talk about importance of having the right advisers and detailed preparation to ensure smooth transitions, whether through a third-party sale or family succession.

Oliver and Israel provide real-world examples and practical advice on mitigating risks, maintaining business value, and preparing for unforeseen circumstances.

For more information and to connect with Oliver, visit:

https://bulkleycapital.com/team-member/oliver-cone/

And to connect with Isreal: https://www.lockelord.com/professionals/m/miller-isreal

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Importance of demonstrating stability in business
• Retention of owners post-sale for smooth transitions
• Due diligence and discovery of hidden liabilities
• Common issues impacting business sales
• Dynamics of negotiation and relationship preservation
• Role of experts in successful business transitions
• Realistic market expectations and professional valuations
• Formation and management of LLCs
• Updating buy-sell agreements and insurance policies
• Emotional and financial complexities in family business transitions
• Steps for preparing a business for future sale or succession

Have you surrounded yourself with the right business advisors to help you correctly navigate the ups and downs?

In this episode of Planning Reimagine, Celeste welcomes Susan Bryant, CEO and founder of Unboxed Advisors, who brings over 20 years of experience in CPA, tax planning, and investment advising. They dive deep into a critical yet often overlooked aspect of business management: insurance and risk mitigation. Susan and Celeste will share insights on the significance of proper insurance and the strategic steps needed to ensure long-term business stability.

They discuss how 80% of businesses lack adequate insurance for their key persons, often focusing solely on bank-required policies. Susan talks about the vital role of term policies, buy-sell agreements, and disability insurance in maintaining business operations when unexpected events occur. They also talk about the devastating effects of losing a key person, not just on business value but also on employees and stakeholders.

They also discuss working with a team of expert advisors to navigate these complexities, the challenges entrepreneurs face, and the necessity of continuous and proactive planning.

To learn more about Susan, visit: https://unboxedadvisors.com/

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Discussed:

• Life Insurance for Key Persons and its Importance
• Lack of Proper Insurance and its Consequences
• Business Continuity and Value Preservation
• Funding Buy-Sell Agreements for Liquidity
• Importance of Diversified Investments and Proper Business Risk Management
• Need for Disability Insurance to Safeguard Revenue
• Role of Advisors in Comprehensive Risk Management
• Continuous Planning and the Importance of Revisiting Decisions
• Cybersecurity as an Emerging Risk for Small Businesses

In a world of AI investments and large financial firms, is there a secret that high-net-worth investors know about when it comes to holistically looking at opportunities?

In this episode of Planning Reimagined, Celeste and Kris welcome Phil Pilibosian, Senior Managing Director at US Capital Wealth Advisors, for an in-depth discussion on the critical importance of personalized, holistic advisory services in wealth management. Phil discusses the distinct limitations large financial firms like Goldman Sachs face when handling small, tailored deals and how boutique firms provide a more flexible, client-focused approach. The conversation moves into the intricacies of tax planning, employee contract negotiations, and estate planning, emphasizing the need for expert advice that's both comprehensive and customized.

Throughout the episode, the trio talks about the collaborative benefits of partnering with specialized firms and the invaluable human touch in providing financial guidance—something robo-advisors cannot replicate. Phil shares real-life examples, including uncovering $250,000 in unclaimed property for a client and demonstrating the tangible advantage of personalized service. They also talk about the importance of holistic financial planning to address the unique needs and goals of clients.

To learn more and connect with Phil, visit: https://www.uscallc.com/

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Covered:

• The limitations of large financial firms in small, personalized deals
• The need for specialized advisory services in wealth management
• Collaboration between boutique firms and specialists to provide comprehensive solutions
• Real-life examples showcasing the impact of personalized financial services
• Importance of holistic planning and the human touch in financial advisory
• Tax-efficient management and structuring assets for long-term benefits
• Challenges and benefits of robo-advisors in the wealth management space