Question: Question 15 71 point) Pierre and Jol are equal partners in their law firm, each owning half of the shares. Both partners are worried about

 Question 15 71 point) Pierre and Jol are equal partners in

Question 15 71 point) Pierre and Jol are equal partners in their law firm, each owning half of the shares. Both partners are worried about what would happen if one of them were to die. They want the surviving partner to have full ownership of the firm. What solution makes the most sense for Pierre and Jol? a) They should have key person insurance in place. Do They should have a buy-sell agreement in place, funded with criss-cross insurance They should have a buy-sell agreement in place, funded with a joint last-to- die insurance policy. OhThey should set aside some of the firm's earnings over the next few years to purchase the outstanding shares in the event of a death. Repet Cove

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