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A family business may be your family’s legacy.

What steps have you taken to actively protect its future? Do you have a succession plan and a strategy to monetize the value you’ve created? If so, when was it last reviewed?

Perhaps you need key person insurance to ensure future business continuity. You might be considering an insurance policy as a means to fund a partner buy-sell agreement. Or maybe you’d like to better understand how insurance and trusts can be used in tandem to transfer your business interests to the next generation more tax efficiently.

Working together with our corporate and investment bankers and risk management specialists, your SunTrust advisor can help you explore a variety of solutions to safeguard both the present and future of your family business, including:

Asset protection1:

  • Key man insurance
  • Disability insurance
  • Life insurance

Succession planning:

  • Buy-Sell agreements
  • Business valuations

Wealth transfer:

  • Bypass trusts
  • Irrevocable life insurance trusts (ILITs)
  • Grantor retained annuity trusts (GRATs)
  • Charitable remainder annuity trusts (CRATs)

Articles and resource that can help you on your journey.

Protecting and Expanding Wealth from Your Business

Learn how business owners can maximize future earnings by structuring a thoughtful and thorough transition plan sooner rather than later.

Read the Full Report >

The Executive Compensation Balancing Act

Explore strategies for managing company stock and benefits that can help you mitigate risk while providing much needed liquidity.

Read the Full Article >

DISCLAIMERS

1 Insurance offered by SunTrust Investment Services, Inc
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