Business Succession Planning

When working with McDowell Financial Group, the goal is to allow you to do what you do best:  grow your business.  We assist you in identifying and developing opportunities that can help protect and enhance your company.  From start to finish, our priority is in helping you enhance your executive benefits, assist with tax-advantaged strategies and ensure your business legacy.

Our business succession planning process focuses on the following areas:

– Coordinating your personal financial strategies with your business strategies
– Leveraging business benefits to enhance personal security

– Retain key employees/executives through specific strategies
– Mitigate company hardship in the event of the loss of a key person

– Design and implement a plan to transition your business to the next generation of ownership, on your terms
– Ensure that you receive proper value from the business you have worked so hard to build

As economic, life and industry changes occur, we often need to change and review our goals and needs.  Even businesses that have planned carefully will benefit from reevaluating their benefit packages and succession plan on a regular basis.

Estate Planning and Wealth Transfer

Estate Planning and Wealth Transfer

A well-designed estate plan provides assurance to our clients that their assets will be used to benefit the people or institutions that they choose, in the amounts that they choose.  It begins with a candid discussion of client goals and objectives. 

While we do not offer legal advice, in conjunction with our clients’ other advisors, we will discuss the various options available to our clients.  Our focus is to provide the proper liquidity to ensure the smooth transition from one generation to the next.


At a time when social responsibility has taken on increasing importance, charitable planning offers a strategic way for you to connect to causes for which you and your family feel passionate.  Whether your aim is to develop a philanthropic legacy for your family, or simply to support your community, tax-favored aiding programs create ongoing opportunities to transfer family assets to public and/or private charities.  These charities often include family foundations that are managed by family members, in which the family retains control over the gifted assets and access to income generated by these assets.  Often, charitable planning provides a balance to estate and life insurance plans, while taking on personal meaning for you and your family.  We offer creative solutions aimed to achieve your personal or familial philanthropic goals without interrupting your family’s long-term financial possibilities.


An important component to any estate plan is gifting, which allows you to reduce the size of your taxable estate by strategically transferring the wealth you have worked so hard to create for your family members.

Gifting enables you to take advantage of the substantial tax advantages available through the use of lifetime gifts.  Thoughtful use of these gifts through the use of planning vehicles such as trusts and life insurance can help maximize the value created for your heirs.  We can help you determine a gifting strategy that is consistent with your planning objectives.

Life Insurance

Insurance strategies come in many forms and types.  It is our goal to implement and maintain a strategy not only to meet fundamental needs, but also for sophisticated asset allocation strategies.  A well designed life insurance strategy will not only consider the importance of death benefit protection and the tax-advantaged cash value accumulation potential of permanent life insurance, but also the role of life insurance in legacy planning and wealth preservation for multiple generations.  Our extensive experience in the design, implementation and monitoring of insurance plans spans over 30 years.

We routinely perform an insurance analysis as a service to our clients.  The process includes analyzing your current insurance strategy, surveying the marketplace and assessing any adjustments that may be appropriate to help you optimize your insurance portfolio.  Engaging our clients in this process can help assure goals are met.  The flexible nature of many modern life insurance policies provides a powerful means to address a wide range of personal, business, and charitable situations.


  • Family Protection: Provides a source of cash for surviving family members to utilize for living expenses.
  • College Funding: Provides a funding source for college education of children or grandchildren.
  • Debt Protection: Generates cash to pay off an existing mortgage or other personal debt.
  • Wealth Creation: Provides funds to leave as an inheritance or to equalize inheritances among family members.
  • Estate Tax Liquidity: Creates liquidity to pay estate taxes rather than requiring liquidation of existing estate assets.
  • Gifting Leverage: Leverages the use of the annual gift tax exclusion, the lifetime exemption, and/or Generation Skipping Transfer Tax exemption.


  • Key Employee: Provides funds to aid in the search for a replacement in the event of a key employee’s death.
  • Executive Recruitment and Retention: Used in a variety of nonqualified benefit programs to help attract and retain key employees.
  • Business Continuation: Provides funds to aid in the continuation of business in the event of an owner’s death or disability.
  • Succession Planning: Provides liquidity to purchase the ownership interest of a deceased owner.
  • Debt Protection: Creates a pool of money that can be used to pay off borrowed money.


  • Wealth Replacement: Used with many charitable gifting programs to replace, for heirs, the value of estate assets that were gifted to charity.
  • Gift Creation: Used to create a significant donation to charity at death or during life.
  • Gift Leverage: Used to maximize the eventual charitable donation at the death of the insured.


Although often mistakenly viewed as a price-only decision, the long-term nature of life insurance necessitates careful consideration in the selection of the insurance carrier, the product type, and the insurance professional to represent you and interact with your heirs.  When purchasing life insurance, some questions to consider include:

  • Does the insurance professional have a business succession plan that provides for continued service after the retirement or death of the original agent?
  • Does the insurance professional have sufficient experience to adequately meet your needs?
  • Does the insurance professional have any influence with the carrier selected?
  • Is the carrier financially sound?
  • Does the carrier have a history of equitable treatment of existing policyholders?
  • Will the service levels provided by the carrier satisfy your requirements?
  • Will the product be able to adapt to changes in your personal and financial goals or situation?
  • Are the pricing assumptions of the product economically sound?
  • If a term purchase, what products may be converted?

Issues such as the ones above highlight the power of M Financial Group.  As an M Member Firm we are active members of a community of leading professionals in the life insurance business.  The collective buying power of M Financial often allows us to utilize a more favorable pricing experience than off-the-shelf products and to garner unique service considerations. These and other advantages through M Financial make the selection of an M Member Firm as your representative a prudent choice.  Please go to for further details regarding this relationship.