Estate planning allows you to thoughtfully create your own legacy while planning for the security of your family. The estate planning process should not only be structured and implemented correctly, but should also be created specifically for each individual and their needs. Through strategic estate planning, you will eradicate the exposure to potential divorce or lawsuits and minimize estate taxes while leaving you with the satisfactory strings of income and control. We review and prepare the following documents for our clients.
Business Succession Planning
Whether business owners are motivated to sell or pass their businesses to the next generation within the family, understanding what creates value in a business and how to maintain that value is essential. The purpose of succession planning is to do what’s necessary to maintain the business as a going concern. It is important to consider tax consequences and feasible succession plans while incorporating personal objectives with business planning. Creating and implementing a comprehensive succession plan will provide several benefits to the owners and partners.