"If you are serious about making quality connections in the Chicagoland area, you have undoubtedly heard of or come across Dean Klassman of Klassman Financial Associates. Dean is an expert in the fields of life and health insurance, employee benefits, and estate planning, offering prudent and trusted counsel to his clients. Additionally, he is a networker's networker. He operates from a place of integrity and conducts himself impeccably. He is courteous, empathetic, and a "pay-it-forward" specialist. Dean is a gentleman whose reputation truly precedes him. I consider it my good fortune to know him and a privilege to be counted among his colleagues and friends." J.D. Gershbein, Owner, Owlish Communications
"Some 70% of first generation, family-owned businesses never make it to the second generation (FAMILY FIRM INSTITUTE, 2001)
A simple question
What can prevent a smooth transfer of a business to its successors at retirement, death or disability?
A simple answer
A properly designed and funded succession plan
Here are some of the major benefits of succession planning
Assures a prompt and orderly sale or transfer
Eliminates potential conflicts among surviving owners
Shareholder's heirs receive a fair price for their interest
Profits go to active shareholders, not inactive family members or outside parties
Converts an illiquid interest into cash
Helps stabilize the business in the eyes of customers and creditors
The Klassman Financial Services Advantage:
Preparation
We review your personal and business assets, making sure they reflect the wants, needs, and wishes of you and your family. Then our team of independent specialists will explain your options and the steps that need to be taken.
Result:
A succession plan that reflects the legacy of the business, the legacy of the owners, and provides for the needs of the families involved.
