Solutions in action
Business succession
| Selling your business |
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Situation The owner of a privately held industrial business required a financial team to oversee a sale of the business and manage the resulting liquid wealth. |
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Outcome We conducted a full-scale analysis of the seller's finances, working with their external advisors, to develop a comprehensive succession plan. The company was sold to a third party and our client has entrusted our team to manage the liquid assets. |
Tailored credit
| Limiting liquid assets |
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Situation The owner of a closely held business sold to a Fortune 500 company and was looking for expedited payments from the buyer to free up capital for a real estate construction project. |
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Outcome We underwrote the buyer’s credit worthiness and ultimately extended credit annually over three years to complete the purchase. |
Financial planning
| Protecting increased assets |
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Situation A father and son sold their closely held business but had not considered the impact to their overall estate plan. |
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Outcome We created an investment strategy that integrated estate planning and funded family trusts, which mitigated the family’s tax liability. |
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Disclosures
Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A.
Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank.
Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.
All credit products are subject to the normal credit approval process.