Planning For The Succession Of Your Business
You may have spent the majority of your life building or expanding your family business. After you pass away, what will happen to your business’s legacy? LifePath Law, APC, works with a wide variety of California entrepreneurs and business owners to ensure the decisions involving their family business go as they want them to. We have counseled clients throughout the Sacramento area in all the matters relating to their businesses and their estates such as:
- Providing liquidity for owners
- Providing retirement income for owners
- Determining who receives ownership
- Minimizing taxes on transfer of ownership
- Providing for business continuity
- Providing fairly for all family members
Family business succession planning is an intricate area of estate law and requires counsel from an attorney familiar in this area. With so much on the line, we offer more than just one-time representation — we counsel you throughout your estate planning journey, ensuring the needs of your family and your business are accounted for no matter when your estate plan needs to be executed.
Ensuring Everyone Gets Their Fair Share
If you have multiple children or are part of a blended family, the issue of business continuity may be substantial. You may not want to split ownership between your children, because one or more of them may not want an active role in the business.
We explore the various options available to you, including selling all or part of your ownership to increase the liquidity of your estate and allow for a more fair distribution of your assets.
Your business may be at the center of your estate plan; don’t trust its fate in the hands of just any estate planning lawyer. Call 916-245-1398 today for a complimentary phone consultation, or send us an email for more information on our services.