Eric Benchetrit is a consultant in the financial and vordener services sector, regarded by his peers as one of the most knowledgeable and competent authorities in his field, and who offers financial advisors, life insurance agents and industry experts in the context of complex tax and estate planning. Eric`s business approach uses a tireless commitment to professionalism and attention to detail using a collaborative and integrated planning style that works with the entire client`s consulting team. His communication style describes complex structures in easy-to-understand terms. For more than a quarter of a century, he has held various positions in the financial services industry, including marketing and distribution at the executive and wholesale levels for Canadian insurance and investment firms. He has also taught Seneca College`s Practical Financial Services Certification Program, whose graduates receive credits for CFP (Certified Financial Planner) and CLU (Chartered Life Underwriter). Over the years, he has participated in numerous conferences at industry events and has also appeared in radio and call programs. He has written articles and has been cited and profiled in several industry publications. He has been co-chair of Canadian and international delegations, met with the Prime Minister, parliamentarians, members of Congress and senators, and has a Specialized Honours B.A. from York University. He is married and has two children, lives in Thornhill, Ontario, and is a very active member of his community, was recently honoured for his volunteer work and has served on the boards of several non-profit organizations. The purchase and sale agreement assumes that the shares are sold according to a specific formula to the company or other members of the company.

The most common event covered by a buy/sell agreement is the death of a partner who describes the measures taken and the type of financing, such as the product of life insurance. B to purchase the business interests of the deceased partner. In addition, a well-developed agreement will include other provisions, such as a clause on chevrotine rifles, triggered in situations where a commercial partnership has deteriorated significantly, a right of first refusal to the other partner before the sale to an outsider, retirement or exit of a partner, obstruction of a partner or other specific circumstances such as gross misconduct, detention or divorce, and establishes the rules of orderly liquidation or restructuring. A purchase and sale contract is a legally binding contract that defines how a partner`s participation in a business can be reassigned if that partner dies or otherwise leaves the business. Most of the time, the purchase and sale contract provides that the available share is sold to the remaining partners or to the partnership. [1] In accordance with Regulation 20.2031-2 (h) or Section 2703, a price set in a purchase-sale contract may not be binding on the IRS for inheritance tax purposes. Thus, the estate of a deceased owner is required by the agreement to sell its shares in the business at the contract price, but it may have to declare a higher value for federal property tax purposes and, therefore, pay inheritance tax on that additional phantom value.