WealthPoint Wisdom

Ryan Barradas is scheduled to speak at the CFO Playbook West for Private Companies confernce being held in San Francisco, CA.  Succession planning and the CFO http://www3.cfo.com/pbw13/agenda

Happy New Year.  We begin this year as we ended the last – approaching another cliff.  To start the year off right, Andy Friedman appeared yesterday on CNBC to discuss the ramifications of the fiscal cliff compromise.  You may access the segment by clicking here.

For hundreds of years, affluent families have been guided by their advisors to steward their material assets. Attorneys, CPAs, investment and insurance advisors and financial planners all come to the table to help you identify the best course of action. The stewarding of your financial or material assets is actually only one-third of the process. [...]

When owners begin to be proactive regarding succession and exit planning or as we call it, business retirement planning, there is one main question that needs to be answered. “When will I move from I need more to I have enough?” Both the question and the answers are as complex as they are varied. For [...]

One of the most important estate planning decisions is that of selecting a trustee or executor. The choice can be a game changer for how your heirs live with and execute your decisions. However, too often the selection is made without the benefit of talking through the potential pitfalls or consequences. Common pitfalls to avoid [...]

It does not matter where in the world a family business is located, according to Deniel Banks of DW Banks Company, Inc, one thing all family business leaders have in common is that they want easy-to-use tools to help with succession planning. As a result of seeing this trend around the world, Banks developed a [...]

Corporate structure is an important conversation to have when creating your succession objectives. The type of corporation has a major impact on your transition. Are you going to sell to a public company? Are you going to go public? Who are your potential owners or future owners? Are you going to keep your company in [...]

For most owners of a closely held business, building the business is a labor of love.  It provides a major reason for living, however because we don’t live forever, one day that business asset will have to transfer to a partner or family members or a third party. That transition will require significant planning to [...]

Bruce Werner, currently managing director of Kona Advisors LLC, spent 12 years at the family busniess, Werner Holding Co., in a variety of senior positions before the family made the decision to sell.  Werner gave tips and insights from his own personal experience into how he survived the business sale and life afterward in an [...]

Last week I was introduced to a family owned business owner by his estate attorney.  They were interested in learning more about succession and exit planning.  The business owner described his reluctance to begin planning for succession because he still had 20 years to go before retirement.  Though dedicated to his large family, he loved [...]