Case Study: A "What-If?" Plan
Successful wealth advisors are often asked, "What if something happens to you? What would happen to my portfolio?" As a fiduciary you should have an answer to these questions. You have a life insurance policy for your family should you pass away. But what about a "what-if" plan for your business?
Your business is an asset with value, but it's not a liquid asset. If something were to happen to you, what is your plan to monetize the value of your business?