Wow..You hit the nail on the head. Buy and Sell agreements keep familys together. It is part of estate planning.

Being in the Insurance business for over 30 plus years and helping business owners keep their business intact is a must. Getting married in business is always easy, However, you better get those divorce papers put together upfront. If you wait till their are more family members involved or the business hits a windfall, it sometimes makes it very hard for the owners to come up with an agreement without disharmony rearing its ugly face.

Keeping out unwanted family members!! Biggest problems with successful buisness’s, is that at the death of one of the owners, all of a sudden several of the heirs may want to come into the business and the surviving business owner ends up going crazy dealing with inexperienced people. Survivors do not want to loose control.

Ted from “an-insurance-agents-career.com”