Tag: Transition Planning
Why Your $10M Business Sale Might Only Net You $3M (Ep. 13)

Why Your $10M Business Sale Might Only Net You $3M (Ep. 13)

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Most business owners dream about the big payout, but not enough focus on the number that matters: what ends up in your pocket. 

In this practical and often eye-opening episode of Transition Talks, Josh Ackerman walks us through what every seller should know before inking a deal.

From the impact of business structure to state residency and even charitable planning, Josh explains why preparation is your best strategy. You’ll learn why a flashy sale price can be misleading—and how to shift your focus to net outcomes with smart tax planning.

By listening, you’ll discover:

  • Why LLCs, S corps, and C corps lead to dramatically different tax bills
  • How asset sales vs. stock sales affect buyers and sellers
  • Simple ways to prepare for lower taxes years before the deal
  • How charitable remainder trusts can benefit your legacy and wallet
  • And more!

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Smart Strategies for Passing Down the Family Farm with Justin Schuhmacher (Ep. 11)

Smart Strategies for Passing Down the Family Farm with Justin Schuhmacher (Ep. 11)

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What complexities surround inheriting a family farm, and how do family dynamics influence estate planning? 

Josh Ackerman hosts Justin Schuhmacher, an attorney at Indiana Estate & Elder Law, for a lively conversation about passing down the farm, a topic rich with parallels to other family businesses. The two explore real-life stories, learning how involving the next generation early can propel businesses forward, why transparency with heirs is crucial, and how strategic planning can prevent future disputes.

Key takeaways include:

  • Why involving heirs early in decision-making is a smart move (15:33)
  • The pitfalls of treating heirs equally vs. fairly in estate planning (22:32)
  • Justin’s insights into avoiding family conflicts over inheritances (29:10)
  • How trust planning can safeguard family assets and relationships (25:58)

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Connect Justin Schuhmacher:

About Justin Schuhmacher: 

Justin Schuhmacher is a dedicated estate and elder law attorney in Indiana, committed to helping families safeguard their assets and plan for the future. Understanding that unforeseen events can disrupt even the best-laid plans, Justin works closely with clients to protect their wealth from risks such as lawsuits, long-term care costs, and financial missteps.

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