Comprehensive Business Transition Planning Assistance
Estate planning is an essential part of protecting yourself, assets and family for the future. Anyone can benefit from estate planning. However, seeking the help of an estate planning attorney is especially important for business owners. There needs to be a plan in place that details how the business is to be handled in the event of your death.
At Famulary. Masterful Attorneys, attorney Adam Famulary has a unique understanding of the challenges that business owners face. As the owner of our firm, he is familiar with the day-to-day operations of businesses and what would happen in the event that no one was left to helm the business. You can trust that he will keep your best interests and the best interests of your business in mind throughout the process of establishing a comprehensive business transition plan as part of a larger estate plan or as a separate document.
The Complexities Involved In Business Succession Planning
If you wish to transfer your interest in a small business to your children or even co-workers, we can help. This is a complex area of law that generally will involve revocable living trusts, irrevocable life insurance trusts and amending operating (or shareholder) agreements. No two small-business transition plans will be the same because every small-business owner wants to divide up control, ownership and income payments differently. Working with a team of your accountant and insurance representative, we can tailor an estate plan according to your family’s needs.
Get Started Constructing An Exit Strategy For Your Business
Whether you wish to transition the business during your lifetime or need to create a plan that helps in an unforeseen situation, our lawyer can help. Call our office at 503-863-2732 or use our online contact form to get in touch with us. We offer a free initial consultation to clients throughout the Portland area and throughout Oregon, including Beaverton and Salem, the communities where our offices are located.