business owners
Savvy Business Owners are Prepared
Be Prepared for the Unexpected
As a business owner, you know that protecting your assets is essential for the long-term success of your company.
Our unique planning solutions can help you achieve that goal.
Is This Kind of Protection Important to You?
If you own a business, you may want to provide this kind of protection for yourself and your family:
- Make sure the business stays in your family for generations.
- Ensure that your family members who want to be involved in the business have the opportunity to continue it while ensuring the other family members are treated fairly.
- Protection from unmerited or frivolous lawsuits.
- Ensure the legal structure you create does not accidentally disqualify you from benefits.
- Stay out of Probate Court if you become incapacitated – Someone you choose needs to be able to step in immediately—not in days or weeks.
- Stay out of Probate Court when you die – It’s expensive and time-consuming and makes all your private matters public.
- Ensure that the cost of care for you or your loved ones does not consume the business assets.
- Protect the business assets for your heirs –What if they go through a divorce, a lawsuit, or bankruptcy? The inheritance you left them will likely be gone.
- Protect the business assets from your heirs’ lack of financial maturity—Inheritances last an average of 19 months without proper protection.
- Ensure that your family’s business traditions are maintained over multiple generations.
How Do We Do It?
An Arsenal of Legal Tools
All the legal tools exist to provide the protection you want and our experienced professionals know how to use them. These are the tools we use most frequently:
- Wills
- Living Trusts
- Durable Powers of Attorney
- Limited Liability Companies
- Buy-Sell Agreements
- Tax-Free Spin-Offs
- Irrevocable Trusts
- Testamentary Trusts
- Domestic Asset Protection Trusts (DAPTs)
- Foreign Asset Protection Trusts (FAPTs)
- Trustee Letters
- Legacy Letters
- Proactive Legacy Planning
- and much more