Business Succession Estate Plan Long Island NY
Law Offices of James Henry Dunne, Esq.
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Nassau • Suffolk • Queens • Brooklyn • NYC
Call or Email Now for a Complimentary Consultation
516-483-7037
Knowledge • Experience • Efficiency • Integrity
Earning Trust By Exceeding Expectation
Safeguard Your Business Assets
Include Business Assets in Estate Plan
Tax Considerations
Protect Your Legacy
Business Succession Estate Plan
Include Business Assets in Estate Plan
Tax Considerations
Protect Your Legacy
Business Succession Estate Plan
It is critical that a business owner’s last will and testament address the legal issues inherent in determining how their business will be handled after they are gone. Estate planning for business owners requires additional knowledge and skill beyond the usual arsenal of traditional trust and estate attorneys. Key considerations in crafting an estate plan (the unique nature of the business, its assets, and the way it's owned and operated) will be tailored to include your business interests in your estate plan. Business assets, business structure and operations, added tax considerations and family dynamics make this more complex. James will plan accordingly, based on your goals, to ensure that you live out your the remainder of your career and beyond without concern about your legacy. James will ensure that your estate and its assets (personal assets and business interests) get passed on commemorating your intent while complying with succession laws. The right solution for you to directly transfer your business, sell your business, or have a succession plan for your family to take the reigns, will be analyzed and planned.
James' Goals when Planning Estates for Business Owners:
Call or Email Now for a Complimentary Consultation
James' Goals when Planning Estates for Business Owners:
- Manage business succession plans according to your wishes and/or projected market conditions.
- Craft flexible, working estate plans that include your unique assets and needs.
- Weigh factors involved in planning gifts, transfers, and sale.
- Explore relief options for ailing businesses, including bankruptcy.
- Determine the benefits and costs of various business structures from an estate planning perspective.
- Navigate through family dynamics and business partner relationships during the succession process.
- Balance the interests of the beneficiaries who do and do not participate in the family business.
- Prepare for client disability and possible long-term care following business succession.
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