White life insurance policy at Your Legal HQ Lawyers, Osborne Park, Perth

Buy-Sell Agreements.

(Insurance Funded Business Wills)

Services

It is important to consider what would happen to your business if you died suddenly or suffered an injury/illness that kept you out of business.

This is doubly important if you are in business with others. Your family needs certainty that they will receive fair value for your business assets. And the other owners need certainty that they can achieve a clean break with your family and not left carrying silent partners.

You may have heard the term “Buy Sell Insurance Arrangements” where a life insurance policy funds the purchase of a an exiting persons share of the business by the other business owner/s who want to continue .

What you might not know is the legal documents that you will need, will vary depending upon how the life insurance is structured. We have extensive experience in preparing the legal documents for Buy Sell Insurance Arrangements tailored to suit almost every life insurance structure.