As others have suggested in their answers, one of the best ways to ensure that your SFI business continues to grow and provide income for your beneficiaries is to recruit, teach and groom a family member(s)to take your place. Remember, you are the engine that drives your business. If you take that away, eventually your business will lose momentum and stop altogether.
In addition, I would also consult an attorney in order to draw up whatever papers are necessary to make certain that there is an orderly transition of your business/assets. Many people don't think about this aspect and it, unfortunately, leads to unnecessary problems down the road.
Of course, the good thing about SFI is that there is no mandatory retirement age so here's wishing you MANY years of success!!
less
Jalna...
As others have suggested in their answers, one of the best ways to ensure that your SFI business continues to grow and provide income for your beneficiaries is to recruit, teach and groom a family member(s)to take your place. Remember, you are the engine that drives your business. If you take that away, eventually your business will lose momentum and stop altogether.
In addition, I would also consult an attorney in order to draw up whatever papers are necessary to ...more
