Questions That Arise From A Disability

• How long will the disability last?
• How long can the business afford to continue to pay the salary of the disabled partner?
• How long does the business keep the position open and when does it look for a replacement?
• At what point does a discussion begin about what to do with the disabled persons interest?
• What happens to the outstanding business loans made to well owners where all signed personally?
• When will creditors and customers begin to lose confidence in the future viability of the business?
• How can the well owners continue to include the disabled owner in business discussions when the disabled owner can no longer participate in the ongoing functions of the business?
• How is the value of the business determined?
• Will the business get a new owner? Will it be the spouse or the children?
• Will the disabled owner sell his or her interest to a competitor?
• Where will the business get the money to buy out the disabled owners interest?

Reproduced from National Underwriter Life & Health/Financial Services Edition, February 11, 2002. Copyright 2002 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.

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