One of the major areas of Estate Planning that we work in is Business Succession Planning. We have identified, from our experience working with business owners, that your business may be one of your greatest assets. Upon your death, what plans do you have in place to ensure that your business survives and maintains ongoing profitability?
Often business owners may want the business to be kept in the family, sold to an outsider, or perhaps even liquidated. The options for you to consider will depend on your personal wishes and circumstances. In conjunction with your other professional and legal advisors, we can assist you in ensuring that there will be a smooth and tax preferred transition of your business.