Business Succession Planning

Owners of family-run companies are confronted with a number of estate and financial planning challenges, including structuring an effective succession plan.  Our tax and estate planning attorneys work closely with clients to ensure that the business passes intact to the next generation and that family members, whether they are working in the business or not, are provided for in a manner that fairly balances the needs of the family business with the goals of each of the individual family members. 

A variety of sophisticated planning vehicles are used to achieve these results, some of which include corporate recapitalizations, family trusts, split interest ownership of business and investment assets, shareholder agreements, financing of business and investment opportunities, gifts of stock, and appropriate compensation arrangements.