Exit Plan: How a Succession Plan Can Save Your Business (and Protect Your Family)

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How to create an ongoing legacy using a private ancillary fund

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A number of our clients have recently established their own Private Ancillary Funds (PAFs). A PAF is a charitable trust that gives grants to eligible charities over time. It’s controlled by a company as trustee, and the board is usually comprised of family or friends. However, every PAF must have at least one independent director. …

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