Exit Planning

Proper comprehensive advance planning around your personal and professional goals and objectives will enable you to come up with a solid succession plan and accommodate the needs of your family members as well as your clients.

Understanding the strategic options for exiting your business can help extend the value of your business and its legacy, while preserving the wealth generated for your future.

Some basic strategies to consider include:

Keep it in the Family
Management Buyout
Employee Stock Owndership Plan (ESOP)
Outside Sale

Blog

May 15, 2026

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The Importance of Beneficiary Reviews

IRAs are different from other assets. Company plan assets and insurance policies also are governed by different rules, and they must be considered separately from other assets. They generally pass by contract, and not under the provisions of your will. The beneficiary form usually supersedes other documents, so planning and administering these documents are key, especially when the majority of your assets are held in these accounts. These forms should be reviewed annually, and designations should be confirmed with all custodians to make sure their records correctly represent your wishes. Mistakes with beneficiary forms can be key in administering your estate, and your loved ones may suffer severe consequences if these forms are not in order upon your death. Many times, disasters have arisen when beneficiary forms have not been updated for critical lifetime events, such as marriage and divorce.

May 15, 2026

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Understanding Trump Accounts

NYCPA Personal Financial Planning Presentation on Monday 05-18-2026 from 9:00 am to 9:50 am

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