Home > Services > Business Owner Solutions > Transition and Estate Equalization

Transition and Estate Equalization

Transferring Wealth to Children: A Primer for Business Owners
Both business owners and non-businessowning parents want to transfer a monetary legacy to their children, if possible. However, business owners are different in the tools they can use to transfer wealth. Whether you own a business or not, the fundamental questions are the same:

1. How much wealth do you want to keep?

2. How much wealth do you want the kids to have, and how much is too much?

3. Which tools minimize the estate- and gifttax consequences of transferring wealth?

Business owners have to put those questions in the context of their Exit Objective: "How much money do I wish to have after I exit my business?" Once owners establish their financial Exit Objective, they can answer the universal questions above and design a transfer mechanism that will pass their wealth to their children with minimal tax impact.
Estate Planning vs. Succession Planning
Most find succession planning more difficult than other critical business decisions. It is important to know although they are in the same category, estate and succession planning are not the same.

Succession planning directly relates to the actual business itself. It is the strategy that will enable it to continue to operate smoothly and effectively as it is passed onto future generations, partners, or successor owners. 

Estate planning relates to all the assets in an individual’s estate including any ownership interests in closely held businesses.
Your financial planner will already have assembled and organized your financial information, such as current estate documents, tax returns, and financial account statements, by going through this process. Having this already in order will save you money and your estate planning attorney’s time.

  • Transferring Wealth to Children: A Primer for Business Owners Article

Our Locations

Pensacola, Florida
Lafayette, Louisiana
Palm Bay, Florida
Tallahassee, Florida
Texarkana, Texas
Birmingham, Alabama
Fort Walton Beach, Florida
*Securities offered through OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA, SIPC. American Heritage Financial, LLC is not an affiliate of OneAmerica Securities or the companies of OneAmerica and is not a broker dealer or Registered Investment Advisor.   American Heritage Financial, LLC may conduct life insurance and securities business in Florida and may be licensed in other states. Financial professionals cannot conduct life insurance or securities business in states in which they are not licensed. This content should not be construed as an offer for the sale of insurance or securities products in unauthorized states or countries.   Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice. Neither OneAmerica Securities, the companies of OneAmerica, American Heritage Financial, LLC, nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.  
Investing involves risk which includes potential loss of principal. Guarantees are subject to the claims paying ability of the issuing insurance company.  
Not affiliated with or endorsed by the Social Security Administration, the Centers for Medicare & Medicaid Services, or any other governmental agency.