The most important and lofty gift of all is to be free of a life constrained by financial pressure. When you have enough income from passive sources that are not dependent upon trading your time for dollars, then what you do with your time becomes your choice. Whether you’re naughty or nice, achieving that takes planning.
A football team manages the risk of injury to its players with physical fitness, doctors, trainers, and backups for each position. Who backs you up at ‘your position’ if events transpire to keep you from being at work for an extended period?
A major consideration in structuring a Buy/Sell Agreement for dealing with the potential of the death of a shareholder is ensuring that the remaining shareholders have the financial means to pay for the purchase.
A Buy/Sell Agreement is a vital document that protects you from the confusion and potential for disagreement that can come if something happens to a business partner.