Forefront Insurance Partners

The Importance of Having a Business Buy-Sell Agreement Financial advisors, as you work with business owners to secure their financial futures, one crucial aspect of their planning should be the establishment of a **buy-sell agreement**. This legally binding contract defines what happens to a business when an owner dies, becomes disabled, or otherwise leaves the company. Here’s why having a buy-sell agreement is essential and how life and disability insurance can effectively fund these agreements. 1. Ensuring Business Continuity A buy-sell agreement is vital for maintaining continuity in business operations. Without it, the ownership of the business can become contested, leading to conflicts among heirs or partners, which can jeopardize the company's future. 2. Protecting the Value of the Business In the event of an owner’s death or disability, the remaining partners may struggle to buy out the departing owner's shares without financial resources. This protection is crucial for maintaining relationships and ensuring that the business remains viable. 3. Funding the Buy-Sell Agreement with Life Insurance One of the most effective ways to fund a buy-sell agreement is through **life insurance**. By purchasing a life insurance policy on each business owner, the business can use the death benefit to buy out the deceased owner’s shares from their beneficiaries. This arrangement ensures that funds are readily available when needed and allows the surviving owners to acquire the business interest without depleting personal or business assets. 4. Incorporating Disability Insurance While life insurance is critical for addressing death, **disability insurance** is equally important for funding a buy-sell agreement in the event an owner becomes disabled. A disability buyout policy can provide the necessary funds to purchase the shares of an owner who can no longer actively participate in the business due to a qualifying disability. This coverage ensures that the business can maintain its operational integrity and protect the interests of both the remaining partners and the disabled owner’s family. Encouraging your clients to establish a buy-sell agreement is an essential step in their business planning process. By pairing this agreement with life and disability insurance, you can help them secure their business's future, protect its value, and ensure a smooth transition of ownership. Key concept - there are new products out now that can increase the benefit of a buy-sell policy over the first 3 to 5 years and grow with the company being protected. Let's look at the numbers for your business clients. Select a time on my calendar and we'll work through the specifics together. https://lnkd.in/eMRX_W89

The Family Advisor Playbook – Master Multi-Generational Wealth Advising! Are you positioned as the trusted advisor for not just your clients, but their entire family? The financial landscape is shifting, and advisors who can navigate family wealth dynamics will lead the future. Join us for an exclusive DAM Livestream on February 20, 2025, from 12:00 PM - 1:00 PM CST, featuring industry experts Eric J. Negron, CEPA? ?? and Jackie Wilke as they break down actionable strategies to help you build deep, lasting client relationships that span generations. Sign Up Here ?? https://lnkd.in/gkbPnJ2h ?? Why You Can’t Afford to Miss This: ?? Position Yourself as the Family’s Go-To Advisor – Secure your role in the family’s financial future. ?? Build Strong Multi-Generational Relationships – Engage your clients' children and grandchildren before wealth transitions. ?? Deliver High-Impact Client Experiences – Set yourself apart with personalized, value-driven service. ?? Leverage Technology & Data – Use advanced tools to understand your clients’ evolving needs. ?? Seize the $84 Trillion Wealth Transfer Opportunity – The greatest shift in financial history is happening now—be ready for it. ?? Don’t get left behind. This isn’t just another webinar—it’s your roadmap to securing your firm’s long-term success. ?? Register now and future-proof your advisory practice! ?? https://lnkd.in/gkbPnJ2h #ForefrontAdvisorNetwork #WealthTransfer #FamilyWealth #NextGenClients #AdvisorSuccess #RelationshipBuilding #FinancialAdvisors #GrowYourBusiness #DAM #Livestream

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Your Clients' Digital Legacy: A Crucial Component of Comprehensive Planning As a financial advisor, you know that comprehensive planning extends beyond traditional investments. In today's digital age, it's essential to address your clients' digital assets. Our free guide provides you with the tools to: ?? Educate your clients about the importance of digital estate planning. ??Help them safeguard their digital information. ??Ensure a smooth transition for their loved ones. Download now to: - Learn how to set up legacy contacts for Apple and Android devices. - Provide your clients with peace of mind knowing their digital assets are protected. Don't let your clients' digital legacy be an oversight. Download your free resource here: ?? https://lnkd.in/ehgFEt4j #financialadvisor #estateplanning #digitalassets #legacycontact #Apple #android #google #Phone #Password

In our recent "How To Be A Better Advisor" segment, Eric J. Negron, CEPA? ?? shared a heartwarming story about a FAN advisor who defied the odds. This advisor's success story underscores the importance of community and support for financial advisors. If you're seeking a community that prioritizes your clients and your success, connect with us today! ?? https://forefrontan.com/ #financialadvisor #successstory #community #forefront #FAN #Advisor #CFP

We are building something special at Forefront Advisor Network Today me and Chad Rixse, CRPS? got to take our amazing partner firm Nama Private Wealth, LLC led by Ali Farooq and Saad Zariff to enjoy some amazing Texas BBQ at the World ?? Famous Salt Lick. This firm runs an amazing wealth management firm focuses on serving the Muslim community by providing education, resources, perspective and great financial advice. I love being able to Empower the next generation of advisors and bring true diversity in every sense of the word to our amazing industry. _________________ If you’re an advisor or in the wealth management industry and you’re not following what we are doing… you’re missing out. Take 2 ?? seconds and give us a follow ?? Forefront Advisor Network

Attention Business Owners! Avoid Fines with Corporate Transparency Act Livestream This message is for anyone who owns a business or LLC (Limited Liability Company). There's a new law called the Corporate Transparency Act (CTA) that requires some businesses to report ownership information to the government. Not following this law could result in fines of up to $500 per day and even jail time! Here's the good news: On April 23rd @ 12:00 CST Forefront Wealth Partners is hosting a livestream event to help you understand the CTA and how to comply. The event is called "Behind The Curtain: Unveiling the Corporate Transparency Act's Impact on Business & LLC Transparency". At this event, you'll learn: ?? What the CTA is and how it affects your business ?? Exactly what information you need to report ?? Deadlines for reporting ?? Best practices to follow to stay compliant ? Reserve your spot while seats are still available! Register for the livestream now to avoid costly fines and legal trouble. This event can help you keep your business on the right track. https://lnkd.in/dGagjY5g #CorporateTransparency #BusinessCompliance #LivestreamEvent #CTA #BusinessTransparency #LLCOwners #FinancialPlanning #ForefrontWealthPartners #BusinessOwners #RealEstateInvestors #LLC

Join us for our upcoming D.A.M. Live Stream with Guest Host, David DeCelle! David was raised in a middle-class household with big dreams of redefining success for his family. From an early age, he knew the importance of putting money to work and became a financial advisor, driven by his passion for helping others grow financially. ?? David is a relentless learner, always striving to acquire knowledge in various areas, from social media strategies to self-actualization. David's dedication and hard work make him one of the most inspiring individuals you'll ever meet, which may be why over 500+ advisors have come to him for coaching. Don't miss out as our Host and CEO, Eric J. Negron, CEPA? ??, dives into a captivating discussion with David on "The Formula for Lasting Success: Personal Development, Finding Purpose In Failure, Commitment, and Mentorship." Save the date and join us for an enlightening D.A.M. Live Stream April 25th @ 12:00 CST: https://lnkd.in/ekxfkZdb #DAMLiveStream #GuestHost #SuccessFormula #FinancialAdvisorCoach #Coach #LifeAdvice #DAM #GrowYourBusiness #livestream #financialadvisor #financialadvisors #rias #financialplanners #ModelFA #FAN

Demystify the Corporate Transparency Act: Join our exclusive Webinar! Are you a business owner or LLC manager struggling to understand the impact of the Corporate Transparency Act (CTA)? The CTA, enacted in 2021, is a game-changer for business transparency in the U.S. But with its intricacies, it can leave many wondering: Do I need to report under the CTA? Join us for our exclusive webinar, "Behind the Curtain: Unveiling the Corporate Transparency Act's Impact on Business & LLC Transparency," to gain clarity! In this webinar, you'll learn: - The key requirements of the CTA and how they affect your business. - The potential implications of the CTA on your operations, compliance, and reporting. - Specific considerations for Limited Liability Companies (LLCs). - Key deadlines, filing procedures, and best practices to ensure smooth compliance. - Valuable insights from industry professionals specializing in the CTA. This webinar is ideal for: - Business owners and managers of corporations and LLCs - Legal and compliance professionals advising businesses - Financial advisors and accountants working with affected clients - Anyone interested in understanding the impact of the CTA on business transparency Don't miss out! Register now for this exclusive webinar on April 23rd at 12:00 PM CST. Space is limited, so register today! https://lnkd.in/dGagjY5g Anna Sanchez Kyle Robbins Sean Bukowski Tucker Villarreal Eric J. Negron, CEPA? ?? #CTA #CorporateTransparency #BusinessTransparency #LLC #Webinar #Compliance

Collaborating with families who have a member with special needs demands unique approaches and extra care, requiring heightened attention, meticulous planning, and abundant affection, unlike typical scenarios. Kathleen, a Financial Advisor and Chartered Special Needs Consultant here at the Forefront Advisor Network, naturally excels in catering to the needs of such families. We're spotlighting advisors like Kathleen Oberneder ChSNC?, whose impactful contributions enrich our Forefront Advisor Network team. Her collaborative spirit and unwavering dedication to clients warrant applause! When asked what aspects of the FAN community do you enjoy? Kathleen said "I enjoy the ability to work for myself but not by myself. I didn't coin this phrase, Eric did, but this fits perfectly with what I wanted at this stage in my career. I appreciate the opportunity to be a part of a larger team all working towards the same goal of serving our clients to the best of our abilities while continuing to make ourselves better advisors in the process." Eager to join a network where the community fosters your success? Explore FAN and take the next step using the link in the bio! #AdvisorSpotlight #ForefrontAdvisorNetwork #Shoutout #SpecialNeeds #FinancialAdvisor #Community #FANCommunity?#milwaukee #SpecialCare #FAN