b"Page4 Onesolutionistodivideyourbusi nesswhileyouareliving. Perhapsyouhaveanadultsonorotherfami ly memberwithan aptitudeforthebusiness.Considergivinghim ashareofthe businessduringyourl ifeti me.Inthatwaythetransitionat yourdeathislessabrupt ,and,mos timportantfromt heviewpointofliquidity,apartofthebusinessmayescapeestate taxesatyourdeath. Ontheother hand,maybeyoudon'twantthebusinessto stayinyourfamily.Perhapsyouconsiderit tooha zardousan investmentforthefamilytobedependentuponafteryou'vegone . Apossiblesolutioninthiscaseisabusinesspurchaseagreement withyourassociatesinwhichtheyareobligatedtopurchaseyour ownershipinterestfromyourestateatapricearrivedatbyan agreeduponformula .Usual lysuchanagreementisfinancedwith lifeinsuranceinordertomakesurethatthecashwillbethe re availableatthetimeofyourdeath .(TheMR.CAgrouplifeinsuranceplanisanexcellentmeansoffinanc i ngabusinesspurchase agreement.I fyouarenotalr eadyunderthisplan,writethe ExecutiveSecretaryfordetai ls . ) Anotherbigadvantageofaproperlydrawnbusinesspurchase agreementisthatit11 nailsdovm 11thevalueof yourbusines sfor federalestatetaxpurposes . Anotherpossiblesolutiontotheproblemofliquidityisto planinadvancetoobtaincashfromthecompanyitself.This wouldinvolveastockretirementplanpursuanttowhichthestock heldbyyourestatewouldberepurchasedbythecompany.Again financingisnecessarytoassurethatt hecompanywillhavet he necessarycashatthetimeofyourdeath,andkeymaninsurance maybetheanswer.Stockreti rementplansmustbecarefully draftedinordertoavoidlur ki ngtaxtraps . Astheownerof,orapartnerin,asmal lbusiness,you shouldbeconcernedwiththeproblemofl i qui dity.Whatwillbe thecashrequirementsofyouresta t ef ortaxe sandadministrationexpenses?Howwilltheserequirementsbemet?Willa forcedsaleofyourbusinessbenecessarytomeettheserequirements?Thesea r ehardquestions,andrequireyourcarefulconsideration.Personswhocanhelpyouwiththeanswersareyour attorney,youraccountant,yourlifeunder writerandthetrust officer atyourbank. Convention The1959MR.CAConventionattheHotelContinental,Kansas City,Missouri,onNovember19,20and21 ,willunquestionably bet hebiggestandbestconventioninthehistoryoftheAssociation.Thoseofyouwhohaveatt endedotherMR.CAconventions willneednourgingtoattendthe1959convention.If you haven?tattendedbefore,asksomeonewhohas.Ineither event, markyourcalendarnow."