Book of Business for Sale in Texas
Posted: Thu Apr 19, 2018 11:29 am
My deceased husband left me his insurance/securities book of business of 30years. I have limited knowledge of the business. The broker is stating that he did not have a succession plan in place which is erroneous, as I am his successor as per the legal documents.
They have taken it upon themselves to redistribute his book of business, which is estimated at approximately 5 million.
As per my understanding I am entitled to either a buy out by the brokerage firm or I may be allowed to sell this book of business to a third party. My intent is to get a formal valuation completed and use a consultant who has expertise in reselling such entties.
Any advise, suggestions, or recommendations of how I need to proceed is greatly appreciated.
They have taken it upon themselves to redistribute his book of business, which is estimated at approximately 5 million.
As per my understanding I am entitled to either a buy out by the brokerage firm or I may be allowed to sell this book of business to a third party. My intent is to get a formal valuation completed and use a consultant who has expertise in reselling such entties.
Any advise, suggestions, or recommendations of how I need to proceed is greatly appreciated.