Individuals, families and businesses rely on our succession and estate planning advice to preserve their wealth and transfer property without undue hassle or expense.
Business Succession Planning — We can assist you in transferring your business to good hands. Whether you are handing over your business to a trusted family member or an outside buyer, it’s important to plan well in advance of anticipated changes in order to make a smooth transition that retains the good will and loyalty of your customers and stakeholders.
Family-owned business succession
- Determining the fair value of the business
- Determining the importance of continued family involvement
- Assess the business aptitude and passion for the business among family members
- Establish goals for the owner’s retirement
- Identify the family member(s) best suited to making the business successful
- Create an ownership and control structure
- Document the succession plan
- Communicate the succession plan to all stakeholders
The Law Offices of Arthur F. Lafionatis, P.C. can also assist you in estate planning matters:
- Individual/Family Estate Planning
- Advance directives (living wills)
- Estate tax issues
- Living trusts
- Wills drafting/amending