Estate and Business Succession Planning 

When your family business or your personal wealth hangs in the balance, your decision to plan for your eventual passing may accomplish more than saving taxes. In the case of a family-owned business, failure to plan can force the family to sell illiquid assets after an untimely death, which can sometimes result in business failure. The importance of planning early in order to take full advantage of all available tax-saving and succession strategies cannot be overstated.

One of the most difficult, yet most important, decisions you will make is how to pass on the fruits of your personal and business success to the next generation. Our attorneys are sensitive to the interpersonal as well as the legal issues involved in these decisions.

Estate Planning Resources

The Estate Planner Bi-monthly Newsletter
The Estate Planner is offered to clients and friends of Bose McKinney & Evans at no charge. The publication contains helpful and informative articles. If you would like to receive The Estate Planner, email us and include your name and email address and that you would like to receive The Estate Planner.

Other Estate Planning Resources

Estate Planning Summary

Confidential Estate Planning Data Sheet

Tax Reconciliation Act of 2001

We utilize sophisticated analytical and taxation software that helps us efficiently compare alternatives and weigh tax ramifications. Through our cutting-edge use of technology, we can help you digest complex financial data and create planning models to assist in making good decisions. Especially with a family-owned business, succession planning is essential to avoid having to sell the operation to pay estate taxes, and to minimize disruption of operations.

There's a common misconception that only the wealthy need a will. Especially with today's complex relationships and blended families, a will is essential to ensure that your wishes are carried out and to help avoid the expense and hassle of litigation. In addition, even people of moderate means can save significantly on estate taxes by planning ahead. Our estate planning and administration services include:

• Drawing of wills and trusts
• Implementing gifting strategies through the use of trusts and family entities
• Implementing charitable gifting strategies
• Administration of estates
• Handling will contests and similar litigation

With our experience, office automation, specialized software, and trained legal assistants, we can assist you very cost-efficiently. Estate and business succession planning is a small investment that can really pay off for your heirs and successors.