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Updated: July 8th, 2008 05:26 PM EDT

Cashing Out

Rhona Sacks, JD, MBA, CLU
Legal Life Settlements

Get Your Deal Done
Every day, retiring business owners frustrated by inadequate purchasing offers for their firms unknowingly discard valuable capital assets by cash surrendering and lapsing their no longer needed business life policies. Selling these hidden business assets can be the answer to easily getting your deal done.

Rhona Sacks, an attorney and business coach, is the founder and president of Legal Life Settlements, a mergers and acquisitions advisory company specializing in helping retiring business owners extract maximum value from their hidden business assets. Legal Life Settlements is the only firm in the life settlement industry exclusively dedicated to serving the unique needs of exiting entrepreneurs. For more information or to receive a copy of the article, "10 Tips for Optimizing Your Life," please call (650) 581-1596 or visit www.legallifesettlements.com.

Endnotes

1. "Is Your Business Worth What You Think It Is?" Deloitte & Touche LLP - Canada, 2006
2. Small Business Administration, 2003
3. 222 U.S. 149 (1911)
4. A.M. Best Company, Inc., 2006
5. "Turn Unneeded Policies Into Cash: A Life Settlement Can Be A Better Alternative Than Surrendering A Policy," Journal of Accountancy, September 2005, James D. Warring
6. Maple Life Financial, June 2007 and Life Settlement Solutions, June 2007

© 2008 Rhona Sacks. All rights reserved.

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Reader Comments
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Veterans dependents Agent Orange claims
(03/29/09 - 04:12 PM)

Great read.. Thank you for placing your wisdom where some can read it. I was trying to angle this into my families life... where the ruling/ decision has not been made in death of military persons exposed to Agent Orange. The claims have not been decided as YET... Haas v Nicholas is one such delay tactic .
In the event of my mothers death could/ should the monies that her estate should have been receiving during her life time be considered an asset/property.? Especially since the govnt and Monsanto company deliberately and with disregard exposed our military persons and now way lay the process of payment/compensation. Just a thought for you to consider! Take care, Janet Croxton Brown

Janet Brown

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