{"id":668,"date":"2018-08-28T20:52:07","date_gmt":"2018-08-28T20:52:07","guid":{"rendered":"https:\/\/www.touchpointwealthpartners.com\/site\/?page_id=668"},"modified":"2024-02-07T16:55:05","modified_gmt":"2024-02-07T16:55:05","slug":"succession-planning","status":"publish","type":"page","link":"https:\/\/touchpointwealthpartners.com\/site\/services\/succession-planning\/","title":{"rendered":"Services – Succession Planning"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” disabled_on=”off|off|off” _builder_version=”4.16″ bottom_divider_style=”curve2″ bottom_divider_color=”#ffffff” global_colors_info=”{}”][et_pb_fullwidth_slider show_arrows=”off” show_pagination=”off” show_cta_on_mobile=”off” show_image_video_mobile=”on” disabled_on=”off|off|off” admin_label=”INNER HERO V1 – DESKTOP” _builder_version=”4.16″ custom_padding=”50px||50px|” custom_padding_tablet=”” custom_padding_phone=”” custom_padding_last_edited=”on|desktop” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][et_pb_slide heading=”Succession Planning” use_bg_overlay=”off” use_text_overlay=”off” admin_title=”Succession Planning” _builder_version=”4.16″ header_font=”Open Sans|800|||||||” header_text_align=”center” header_font_size=”65″ background_color=”#7ebec5″ background_image=”https:\/\/touchpointwealthpartners.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES-BusinessPlanning-Succession_1A.jpg” parallax=”on” button_on_hover=”on” custom_padding=”400px||200px|” custom_padding_tablet=”200px||200px|” custom_padding_phone=”100px||100px|” custom_padding_last_edited=”on|phone” child_filter_saturate=”0%” header_font_size_tablet=”65″ header_font_size_phone=”38″ header_font_size_last_edited=”on|phone” header_text_shadow_style=”preset5″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” sticky_transition=”on”]\"\"
\n[\/et_pb_slide][\/et_pb_fullwidth_slider][et_pb_fullwidth_code admin_label=”ANCHOR” _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n

<\/div>\n

[\/et_pb_fullwidth_code][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ bottom_divider_color=”#214963″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_padding=”100px|||” animation_style=”slide” animation_direction=”bottom” custom_width_px=”800px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”HDR – Succession Planning” _builder_version=”4.16″ header_text_color=”#e37358″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

Looking Ahead<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”HDR – a lifetime” _builder_version=”4.16″ header_text_color=”#e37358″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

You have spent a lifetime building a successful business<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BODY – a lifetime” _builder_version=”4.16″ text_line_height=”1.9em” global_colors_info=”{}”]As you look ahead at your retirement and the divestiture of your company, do you want the final years of your career to end in a slowdown or decline? Or would you prefer to exit on a high note \u2013 making thoughtful provisions for your clients, employees and family; retiring on your own terms; preserving the value of your business; and continuing your company\u2019s legacy for generations to come?
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”HDR – Process” _builder_version=”4.16″ header_text_color=”#e37358″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

Although the choice may be obvious, the solution can be elusive<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BODY – Process” _builder_version=”4.16″ text_line_height=”1.9em” global_colors_info=”{}”]What most business owners don\u2019t realize is that handing over the baton to a new owner, a key employee, or family member is a process, rather than a single event. And the more time allotted for planning, the better the outcome will be, particularly with regard to minimizing the tax consequences of transferring business ownership.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”HDR – Succession Plan” _builder_version=”4.16″ header_text_color=”#e37358″ text_orientation=”center” global_colors_info=”{}”]<\/p>\n

A business succession plan<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BODY – Succession Plan” _builder_version=”4.16″ text_line_height=”1.9em” global_colors_info=”{}”]Having a plan can maximize your business’s value and secure your own financial future when the time comes to sell, transfer or wrap things up. When planned properly, your transition should be smooth both emotionally and financially, not just for you and your family, but your employees and your successor as well.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#e37358″ divider_weight=”8″ _builder_version=”4.16″ height=”25px” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”BODY – Professional Guidance for your Journey” _builder_version=”4.21.0″ text_line_height=”1.9em” max_width=”70%” module_alignment=”center” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]Professional Guidance for your Journey<\/strong>
\nAs specialists in guiding business owners through the journey of succession planning, TouchPoint\u00ae Wealth Partners serves as your financial advocate to assure that your experience is as simple and smooth as possible.<\/p>\n

In addition to offering you solutions that range from estate and tax planning to business advisory and wealth management, as well as looking after all aspects of the sale of your business, TouchPoint\u00ae Wealth Partners serves as your central facilitator to ensure that all necessary details are properly coordinated with your other advisors, including your accountant and attorney.<\/p>\n

Helping You Achieve Your Goals on Many Levels<\/strong>
\nWe know that your life and your life’s work are inextricably linked. So we take the time to gain an in-depth understanding of your personal, family and business goals, as well as the psychological factors and emotional hurdles that come into play. This way, we can help you find solutions and resolutions that accommodate all of your stakeholders\u2019 needs.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ fullwidth=”on” disabled_on=”off|off|off” _builder_version=”4.16″ top_divider_style=”curve2″ top_divider_color=”#ffffff” bottom_divider_style=”curve2″ bottom_divider_color=”#214963″ global_colors_info=”{}”][et_pb_fullwidth_slider show_arrows=”off” show_pagination=”off” show_cta_on_mobile=”off” show_image_video_mobile=”on” disabled_on=”off|off|off” admin_label=”INNER HERO V1 – DESKTOP” _builder_version=”4.16″ custom_padding=”50px||50px|” custom_padding_tablet=”” custom_padding_phone=”” custom_padding_last_edited=”on|desktop” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][et_pb_slide use_bg_overlay=”off” use_text_overlay=”off” admin_title=”A Professional Process” _builder_version=”4.16″ header_font=”Open Sans|800|||||||” header_text_align=”center” header_font_size=”65″ background_color=”#7ebec5″ background_image=”https:\/\/touchpointwealthpartners.com\/site\/wp-content\/uploads\/site_images_lrg_1920x1200_SERVICES-BusinessPlanning-Succession_2A.jpg” parallax=”on” button_on_hover=”on” custom_padding=”400px||200px|” custom_padding_tablet=”200px||200px|” custom_padding_phone=”100px||100px|” custom_padding_last_edited=”on|phone” child_filter_saturate=”0%” header_font_size_tablet=”65″ header_font_size_phone=”38″ header_font_size_last_edited=”on|phone” header_text_shadow_style=”preset5″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” sticky_transition=”on”]\"\"
\n[\/et_pb_slide][\/et_pb_fullwidth_slider][et_pb_fullwidth_code admin_label=”ANCHOR” _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n

<\/div>\n

[\/et_pb_fullwidth_code][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ background_color=”#214963″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ custom_padding=”100px|||” animation_style=”slide” animation_direction=”bottom” custom_width_px=”800px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”HDR – A Professional Process” _builder_version=”4.16″ header_text_color=”#e37358″ text_orientation=”center” background_layout=”dark” global_colors_info=”{}”]<\/p>\n

A Professional Process<\/h1>\n

[\/et_pb_text][et_pb_text admin_label=”BODY – A Professional Process” _builder_version=”4.16″ text_font_size=”18px” background_layout=”dark” max_width=”70%” module_alignment=”center” global_colors_info=”{}”]<\/p>\n

\n
\n

To effectively manage the complexities of succession planning, we follow a proven process designed to help you ultimately reach your destination by taking it one step at a time.<\/strong><\/p>\n<\/div>\n

\n
    \n
  1. Identify and review priorities<\/li>\n
  2. Establish goals and objectives<\/li>\n
  3. Identify a buyer or successor<\/li>\n
  4. Develop the succession plan<\/li>\n
  5. Integrate personal planning goals into the plan<\/li>\n
  6. Establish transfer methods (e.g. retirement income streams, buy-sell agreement, deferred compensation, trusts, ESOP, Family Limited Partnerships, etc.)<\/li>\n
  7. Implementation<\/li>\n
  8. Review and monitor the plan<\/li>\n<\/ol>\n

     <\/p>\n<\/div>\n<\/div>\n

    \n
    \n

    During each step of the process, we work closely with you to:<\/strong><\/p>\n<\/div>\n

    \n