- Avoid probate, which can be an expensive and lengthy process
- Provide for a smooth transition for the surviving spouse
- Provide for children of the family, and their children
- Defer and avoid federal estate tax
Planning for Your Business or Real Estate PortfolioThe closely held family business is a special type of asset. Perhaps the entrepreneur is getting ready to sell the business, or wishes to pass the business to the next generation. Advance planning is necessary and the transaction itself can be quite complex. When the family business is the management of a portfolio of real estate, the objective is likely to be continued family ownership with safeguards for all of the siblings in the next generation. The firm is experienced in all aspects of this process, including the planning for a sale necessitated by an untimely death.