What happens to the practice when a partner becomes disabled or dies?

Most practices have agreements that address how and when the practice buys shares from a disabled or deceased partner’s estate. However, practices often times overlook how the implementation takes place. Does the practice have the cash on hand? Do the remaining partners have to go into debt?

SPG works with leading life and disability insurance carriers to develop customized Buy/Sell programs utilizing insurance contracts to handle the Buy/Sell financial transaction.