XPX Philadelphia - PLANNING FOR LIFE AFTER CLOSING; WEALTH & CAREER TRANSITION

When
December 20, 2017
7:30 AM - 9:15 AM
Location
The Offices of ECKERT SEAMANS CHERIN & MELLOTT, LLC, Two Liberty Place, 50 South 16th Street • 22nd Floor • Philadelphia, PA 19102
Registered
26 registrants

Registration

Non-Member Walk-In Fee – $85.00
Non-Members – $75.00
Other XPX Chapter Member – $52.50
XPX Philadelphia Members

As we conclude our case study, we explore the view of the sellers immediately before and after closing. Economic models assume we've evolved to become rational thinkers. When a business seller makes their exit and contemplates significant liquid non-business wealth for the first time, often the primal part of the brain kicks in. This is the part that relies on instinct, not reason - and therein lies risk. Sellers have a range of goals. Virtually all want to be sure they can maintain their preferred level of lifestyle spending for as long as they may live; many have other objectives, too: legacies to family members or charities, or new ventures of various kinds. In this presentation we will explore the concept of core capital - or the money used for lifestyle spending - as well as surplus capital, the part intended for legacies and other purposes, for which planning in advance is critical. When a deal is on the table, these insights can enable the seller to reach a timely—and informed—decision, while also ensuring they are achieving their post-closing financial and personal goals.

Click here for the Case Study.

Speakers:

https://www.bernstein.com/Bernstein/Email/ElijahDornstreichProfile.pdf

https://www.bernstein.com/Bernstein/Email/Bishop_Andrew.pdf