A Pacific WealthSuccessionPlan is a trust arrangement where  business partners agree to transfer their portions of business shares to surviving partners in the event of the demise of any business partner.

• Trust administration will take effect upon the triggering event (death of any partner)

• Smooth transfer of deceased partner’s business interest to surviving partners.

• Company will make valuation and purchase life insurance policies on each business partner’s life and assign the policies absolutely to the Trustee.

• Each business partner will transfer his/her shares to the Trustee.

• The Trustee will receive the insurance proceeds and pay to deceased partner’s family and transfer his/her shares to the surviving partner.