Estate planning

Blog tagged as Estate planning

Strategic Planning Insights and Asset Valuation: Best Practices for Dealer Principals
Surprisingly, many auto dealer principals have no formalized succession plan or exit strategy. This highly preventable situation leaves families vulnerable to financial loss, confusion and needless stress that results from crisis-planning in the absence of a current, proactively-maintained plan.
06.05.23 12:00 PM - Comment(s)
Podcast: Pre-Succession for Automotive Dealership Owners
Podcast: Pre-Succession for Automotive Dealership Owners
05.16.23 12:39 PM - Comment(s)
Effective Planning Now Will Minimize Your Future Tax Increases

If Your Assets Exceed Federal Estate Tax Exemption

If the value of your dealership and other assets exceeds the federal estate tax exemption, you should immediately create a plan that will minimize your estate tax exposure and maximize what your heirs will retain after taxes. 

  

If You ...

10.05.21 05:13 PM - Comment(s)
4 Reasons to Schedule Your Dealership Evaluation Today

As markets continue to change and adjust with the latest economic factors, many dealers revisit their exit strategies. With increased taxes on the horizon, industry consolidation, questionable futures, and at the same time higher dealership values, it's easy to see why  owners are ret...

10.05.21 04:42 PM - Comment(s)
The Process of Evaluating Your Dealership

Introduction 

 

An Auto Dealership Evaluation prepared by Nancy Phillips Associates helps you define your personal needs and business options in terms of financial goals, the future direction of the business and your own exit plan. Knowing the value of your dealership is essential to ma...

04.15.20 03:28 PM - Comment(s)