First Western Trust Bank

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Wrong Turn We take time to understand your passions and concerns.

Your Vision
Smoothly passing on your successful business
Thirty years ago, Walter took charge of his father’s small jewelry shop. Today, he finds himself the CEO of a large, multi-store jewelry retailer. Linda, his daughter, is the CFO and David, his son, is the COO and he’s looking forward to passing along his business to the next generation. Before he settles into retirement, though, he wants to make sure the transfer of company leadership flows smoothly. He also wants to put in place strategies designed to promote the continued growth and success of his life’s work.

Our Insight
Walter looks forward to his well-deserved retirement, yet he wants to make sure the company continues to grow and prosper under its new leadership. At First Western Trust Bank, we take the time to understand Walter's passions and concerns. Based on this understanding, Walter's First Western trust advisor will assist him in creating a comprehensive business succession plan that will insure the continued success of his company. The comprehensive plan recommendations will incorporate:

A detailed buy/sell agreement or cross-purchase plan
The valuation of the business
Key-person insurance
A review of company investment accounts
An assessment of company loans
An analysis of the company's benefits plans
Investment management services for the proceeds of the sale

Retiring from a business you've owned and operated for most of your life is never easy. With a succession plan in place, you can look forward to peace of mind and a carefree retirement. To learn more, please give us a call.

The foregoing discussion is general in nature, is intended for informational purposes only and is not intended to provide specific advice or recommendations for any individual or organization. Because the facts and circumstances surrounding each situation differ, you should consult your professional advisor for advice on your particular situation.

Member FDIC

Investment Management products and services are: not FDIC insured; not obligations of the institution; have no bank guarantee; may lose value; not a deposit; no federal government guarantee.

Life Insurance products and services are: not a deposit; not FDIC insured; not obligations of the institution; have no bank guarantee; may lose value.
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