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EVENT DETAILS

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

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

Registration

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

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