Business succession planning is an important subset of estate planning for most business owners or partners, particularly those with families. And the typical entrepreneur is, by necessity, already quite savvy in the way of asset transfers and tax considerations; often they already have either an idea of what they want to do in this regard, or a provision in an existing corporate document which outlines what will happen upon the death of the businessperson.
But the savvy business person also knows never to attempt to tackle an important business-related matter without some kind of assistance. Most corporate agreements, if they include provisions for succession at all, are too simplistic to suffice to serve as a dynamic “plan”.
Putting an experienced and specialized estate planning attorney into this picture can mean the difference between a seamless transition of business assets and responsibilities to the intended individuals (or entities), and a demoralizing, expensive headache left for a business person’s heirs and successors to figure out. We invite you to consult with us about the many different solutions available for solid business succession planning and integration with a broader estate or business plan.
With many years of professional experience focused in Business Succession Planning, and in complementary practice areas such as Estate Planning, Probate , Elder Law and Medicaid, the Law Office of Robert Fraxedas combines seamless legal services with a compassionate and friendly attorney-client relationship.