Practice Areas: Private Wealth Services

Family Businesses

Owners of closely held businesses have unique problems and opportunities. Of particular concern for most business owners is planning for the transfer of ownership and control of the family business from one generation to the next.

We assist business owners in the formulation of plans designed to keep the business in the family while minimizing taxes. We consider the impact of income, gift, estate, and generation-skipping taxes and plan for cash needs. We have substantial experience in designing techniques to withdraw cash from businesses to meet the family's needs during the principal owner's life as well as at death.

Integrating valuation discount and estate freezing techniques can save significant tax dollars for the family. Our technology capabilities enable us to assist in analyzing alternatives and in designing the best plan for the family business owner.

Whatever the business owners' particular goals may be, we work to ensure that the plan implemented is practical, flexible, and consistent with the owners' goals and business needs.