127. "Succession Planning with Abbe Large"

Dawn talks with Abbe Large. Abbe, CLTC, Senior Vice President at Lenox Advisors, is a dedicated professional whose drive is to put her clients' best interests first. With nearly 30 years of experience, she is highly skilled in a variety of financial services, estate planning, and asset management solutions. With her corporate clients, she helps structure strategic employee benefits as well as executive carve-out programs. Dawn and Abbe talk about succession planning.

In this episode…

Who is  Abbe Large and whom does she serve? (1:06).

Core pillars that I talk about with my business owners (2:37)

What essential aspects of business insurance are often overlooked by entrepreneurs regarding personal protection in unforeseen circumstances like accidents or disabilities? (3:46)

How often should we be checking these plans? How often do we need to make sure that with inflation stuff, there is enough funding for the buyout? (11:29).

Should business owners proactively establish a buy-sell agreement or succession plan triggered by events like the six D's, or is it typically implemented reactively when such events occur? (14:06)

How should business owners start creating a buy-sell agreement or succession plan, given the urgency and potential reluctance among stakeholders? (16:48)

Abbe Large’s Information.

Website: https://www.lenoxadvisors.com/

Linkedin: https://www.linkedin.com/in/abbelarge/
FB:https://www.facebook.com/LenoxAdvisors