Shareholder agreements and overlooked problems

When I meet a new client we gather information which will help us not only understand their situation but also asses their risk . I can not tell you how many times we have reviewed Shareholder Agreements and found a number of surprises : all partners not named in the agreement , insurance not properly structured leaving a fully taxable event from proceeds at death , policies that will not pay a benefit as for that to happen on disability there has to be a drawn up section dealing with the event , wrong type of insurance which does not meet corporate needs and often better structures can be created to provide greater value to all parties . Why does this problem and others exists ? There is no one individual that has examined the shareholder agreement and brought it to the attention of all those that need to know !