Estate Planning For The Future Of Your Business
At Dinn, Hochman & Potter, LLC, we provide attentive, responsive and knowledgeable guidance through the estate and succession planning process.
Wills And Trusts Attorneys — Estate Planning For Families And Individuals
It is crucial that every person have an estate plan tailored to his or her specific situation and needs. This plan should include, at the very least, a will, financial power of attorney, medical power of attorney and any applicable trusts.
Any trusts included in the plan should be customized to the individual’s assets, family dynamics, business interests and other personal factors. These can include charitable trusts, grants and annuity trusts, with arrangements made to provide for your family through the future.
Estate Planning For Business Owners
Business owners and their families must take additional consideration when preparing an estate plan. It is important that the correct tools are in place beforehand to ensure a seamless transition for the business.
We understand business and how it is affected by the passing of an owner or part owner. Our lawyers apply that foresight to our clients’ situations, providing plans that will allow for smooth succession of assets, management and shares of the business.
In some instances, this business succession requires setting up a family limited partnership and limited liability companies (LLCs) to limit financial exposure to the family.
We are also available to assist in the probate process, means of avoiding probate and any necessary probate litigation that might arise.