EP 006: How a Financial Assessment Process Works - Part 6: How to Continue Your Business Without a Family to Take Over

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Virtual US Financial Advisor

Presented by Be Eminent

26 episodes

2 hours ago

Join Hannah Mitrea as she converses live with the leading financial advisors with years of experience in the industry. This podcast brings you financial stories, strategies, and industry-relevant facts straight from today's top financial minds. Listen now to the most influential people who will be delving into various aspects of finance and attempting to explain them. Want to be a guest on this podcast? Visit www.virtualusfinancialadvisor.com

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EP 006: How a Financial Assessment Process Works - Part 6: How to Continue Your Business Without a Family to Take Over

Virtual US Financial Advisor

16 minutes 18 seconds

3 years ago

EP 006: How a Financial Assessment Process Works - Part 6: How to Continue Your Business Without a Family to Take Over

Hello and welcome to the Virtual U.S. Financial Advisors podcast. In this sixth installment of our 8-part of our series, our guest, Matt DiFrancesco talks about his financial assessment process and shares some stories from some of his clients.

Matt DiFrancesco is the Founder, Principal, and Member of High Lift Financial. He’s been in the financial services business for 16 years and is committed to helping small to mid-sized business owners navigate through the critical financial event in their lives.

Join us today as Matt talks about what could happen if the next generation of the family is not interested in running the business.

He also talks about:

(01:29) How to work with key team members when it comes to business considerations and income needs.
(06:08) How to keep a business functioning in the event of the owner’s death or disability
(06:58) What is a buy-sell agreement
(12:44) The advantage of having plans in place in case a spouse dies
(08:53) The value of having the foresight

Get a copy of Matt’s one-page assessment chart here: https://bit.ly/3tVosaq

P.S. Each person’s financial concerns are different. To take your financial assessment with Matt, go to www.highliftfinancial.com and click on Let’s Talk.

DISCLAIMER

The information compiled and posted here solely represents the opinions and views of the guest. It might not be similar to the opinions and views of High Lift Financial. It is not a substitute for tax or legal advice or professional investment.

Always consult your financial advisor with any personal or business planning queries. DiFrancesco Financial Concierge, LLC. d/b/a High Lift Financial is a Registered Investment Advisor registered with the State of Pennsylvania and subject to the State of Pennsylvania’s regulatory oversight.

ABOUT OUR GUEST

Matt DiFrancesco has worked with family businesses of various kinds over the past three decades. During that time, he has established himself as a valued advisor in all aspects of family businesses, from customized retirement plans and financial planning to cash management planning.

Today, Matt is the Principal and Financial Technician for automotive repair professionals at High Lift Financial where he and his team of professionals help small to mid-sized family business owners (including those from outside the automotive industry) navigate all of the critical financial events that happen inside and outside their business.