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What can we do to ensure that a Distributorship stays in the family in the event of incapacity or death?

First of all, the distributor needs to meet with a professional that understands the laws and strategies of incapacity, including power of attorney and estate planning. We cannot ensure that the distributorship stays in the family without the allocation of the account being listed in the Last Will and Testament and/or Trust. Also, the Power of Attorney must have the correct information and be notarized.

Next, they need to read and understand Sections 4.11 – Succession, 4.12 – Transfer Upon Death of an Independent Distributor, and 4.13 – Transfer Upon Incapacitation of an Intendent Distributor. These sections will educate them and their chosen professional, about, among other things, what is allowed as far as transferring the distributorship to a business partner, a friend, or a family member whether or not that third party is currently a LifeVantage Independent Distributor themselves or not.

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