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Estate Planning, Estate & Trust Administration

Business Succession Planning

  • Overview

Many of the firm's clients are founders of closely held businesses.

Over the years, the firm has grown along with these businesses and in many instances, we now represent members of the second and third generations. Often, this representation has spanned the full scope of the business cycle—from the birth and growth of the business, to a public offering or a successful ownership transition to one or more members of the next generation, to the successful sale of the business followed by the beginning of a new enterprise.

Working with the firm's corporate attorneys, we help our clients achieve their business goals. We recognize that one size does not fit all when it comes to business succession planning so we tailor our strategies to address our client's specific situation. Our experience also encompasses the implementation of planning techniques such as grantor retained annuity trusts, installment sales to grantor trusts, transfers to generation-skipping trusts, family limited partnerships, deferral of estate tax, redemptions, insurance trusts and the like to accomplish our clients' objectives.

We are experienced in valuation discount opportunities for our clients. In many cases, we have been able to transfer ownership of a client's business to the next generation through timely and innovative recommendations involving tax-effective lifetime and testamentary transfers that minimize or avoid the impact of federal estate and gift taxes on the business owners' estates. We measure our success by our clients' satisfaction and our reputation for innovative planning within our firm and our community.

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