In a recent article in TAXES - The Tax Magazine from CCH Incorporated, Golan Christie Taglia attorney Brian T. Whitlock provided an overview of various types of Buy-Sell agreements and the special care that should be taken if an agreement is financed by life insurance, which many are.

The article, “Untaxingly Yours: Buy-Sell Agreements and Life Insurance – A Primer,” explained the importance of closely held businesses with two or more owners having a well-crafted Buy-Sell agreement.

A Buy-Sell agreement helps solidify the succession of ownership in the event of an emergency situation, prohibit transfers to competitors, mitigate conflict and power plays between owners and holders of equity and more.

Read the full article here.

Brian provides wealth transfer strategies for high-net-worth individuals, strategy for business succession planning and the administration and tax compliance of trusts, estates and exempt organizations. He is also an adjunct member of faculty at the Northwestern University Pritzker School of Law.

For more than 25 years, Golan Christie Taglia has remained committed to delivering successful results while providing clients with the highest level of quality and personal service. With a wide variety of clients including entrepreneurial businesses, high-net-worth individuals and non-profit organizations, GCT provides leading counsel in a broad array of practice areas from both our Chicago and Springfield offices.