Estate planning for business owners is a complex process requiring an attorney that understands the business, personal, and financial implications wills, succession plans, and powers of attorney. At Clifferd Chance, we have been providing estate planning services to business owners for more than 25 years.
Business owners have many of the same estate planning needs as everyone else. In addition, they need to plan for the transfer, sale, or liquidation of their businesses. We have extensive experience working with business owners on succession planning issues that relate to the intergenerational transfer of business assets.
Since we have a solid foundation in business law, we are able to incorporate business transfer strategy into common estate planning documents such as wills, powers of attorney for asset management, advanced healthcare directives, and living wills. We recognize that estate planning for business owners tends involve complex family dynamics related to who will control a family business. We strive to ensure that our clients control how those decisions are made.
Business owners typically have significant personal, emotional, and financial interests in their businesses. By working with accountants, financial planners, and family members, our estate planning attorney helps ensure that our clients create estate plans and succession plans to pass their legacies onto the next generation.