• Estate planning is one of those things everyone dreads and tries to avoid, but without it, your business could suffer, or even fail, if something were to happen to you unexpectedly. For that reason, it's never too early to start thinking about estate planning. After all, it's likely that as the owner of a small business, the success of your company is the main source of your economic stability, and it would be foolish not to plan for the future of your company. Just as we think about our personal future what is the next house or car we want to buy, where will I go on my next vacation so too must entrepreneurs think about the future of their business estate. While an estate plan may develop over several years, and is constantly changing based on the state of your business, fortunately there are steps you can take now to ensure a successful future for you and your company.
• Our experienced estate team excels at guiding individuals, families and business owners through the often confusing legalities of estate planning. Whether of modest means or affluence, regardless of the size of an estate or business, a well-crafted estate plan spells out your wishes and helps protect your assets against predators, creditors, and probate. We work closely with other attorneys, accountants, financial planners, stockbrokers and insurance agents to ensure all of your interests and your legacy are thoroughly addressed.
• Issues related to taxes, liquidity to pay creditors, succession and exit strategies, buy-sell agreements, transfer of ownership/management, and other factors can all be detailed in the business estate plan so the owner or partner and his or her family receive the highest possible value for their portion of the company.

In addition to determining who should receive your assets and when they should receive the proceeds of your estate (during your life time, at death, long after death or never), estate planning also considers:-

• The financial and other needs of your surviving family members in the event of your death.
• Your financial, contractual or moral obligations
• A plan for orderly business succession
• Tax minimization strategies