Our situation involved a new marriage, a group of adult children, and a successful business. Now our income and savings are being managed responsibly and our estate is in order for our children. Covenant has earned our trust and we are free to enjoy every moment of our retirement.
I am a representative of a third-generation family business which has been in operation for over fifty years. Covenant helped guide us through succession planning, retirement and estate planning. They have been instrumental in helping our family maintain our core mission and vision, to grow and become more focused in accomplishing our dreams in business and in life.
Our business ownership structure is complex, with ownership by founding partner, active children, non-active children and a key manager. Covenant helped us work through these conflict issues, both financial and relational and helped us develop a plan that considered the various shareholders’ needs and perspectives. This new structure has allowed more significant decisions to be made by the active shareholders as well as helping to protect the non-active shareholders' interests, which in turn has enabled better communication
and less stress within the business and family.