10:00 – 11:00, Paul Deloughery – Magellan Law, PLC
Session Information:
Business Succession Planning
- How to select choose a successor (the pros and cons of selling/gifting the business to a family member, selling to key employees, selling to a competitor, or selling to an investor.)
- Methods of valuation of a company
- Buy-Sell Agreements
- Planning with trusts
- Planning with life insurance
Bonus :
Keeping Your Clients’ Heirs as Clients
- Over 90% of children leave their parents’ advisor after inheriting their parents’ wealth. A $5 million account maintained for just 20 years beyond the client’s death is an additional $1 million.
- This can be prevented by implementing 4 solutions.
About Magellan Law, PLC:
Paul Deloughery is a Scottsdale, Arizona estate planning attorney who finds real-world solutions to real-world problems. He advocates on behalf of families and helps with all their estate planning needs!
Paul is the Founder and Senior Attorney at Paul Deloughery Asset Protection, PLC. He was first admitted to practice law in 1998 and since 2001 has focused on estate planning and probate issues, with a strong emphasis on blended families. He graduated with honors from the University of Iowa College of Law in 1996, and was a partner in a home-health agency just before beginning law practice. This home-health experience gave him a lot of insight into family dynamics and the need for precise estate plans.
Paul Deloughery
Speaker Bio:
Paul Deloughery, Esq. is a Scottsdale, Arizona estate planning and asset protection attorney. Paul will share his personal story (his $28 million mistake), and how this has motivated him to help investment advisors better communicate with their clients’ heirs. Paul’s complex personal history has led him to a deep understanding of human psychology and the conflicting family dynamics that underlie legal issues. He graduated With Honors from the top-20 Iowa College of Law in 1996.