You are a busy business owner with a seemingly never-ending list of items on your to-do list. Estate planning is the last thing on your mind. But a comprehensive estate plan provides you with an opportunity to take stock of your goals, provide protection for your loved ones and your business partners, and minimize tax burdens on your family and your business. Our areas of expertise include:
We have the experience necessary to address potential issues and create opportunities for your growing business.
We can help you understand and limit the exposure that comes with running your own venture. We can recommend and implement a variety of asset protection strategies, such as self-settled asset protection trusts, irrevocable trusts, thoughtful business structuring and insurance to make sure you are protecting your interests, your family, and your business.
Tax-efficient wealth transfer requires both time and expert planning. We can help you structure your business to transfer growth to future generations in the most tax efficient manner. We have the experience and know-how to create a structure that will work for your business and build a financial legacy for your heirs. We understand that no single strategy works for everyone – we want to understand your goals, your business, and your operations to tailor a wealth transfer plan specifically to you. The best planning is done on the ground floor before value is created, but it’s almost never too late. We can assist you in structuring your newest venture or your thriving success to provide a solid foundation for future generations.
You are foundational to your business’ success, and you have worked tirelessly to build and grow it to where it is today. Having a plan in place in the event of your disability or death will protect your business and your family from the financial impacts of those events. We can help you implement a business succession plan that works for your unique circumstances, whether it is through life and disability insurance, updated governance terms, buy-sell agreements, or some combination of all the above. Finally, if your goal is to keep your business in the family, we have the experience to advise on structures to maintain family control through generations. We can also help you think through how to create an equitable estate plan when there are family members who participate in the running of the business and family members who do not, to preserve both your business operations and family harmony while you are still here and after you are gone.