At Thomas O’Donohue PLLC, your business is very personal to us. Our attorney and associates engage in estate planning for business owners in Andover and throughout Massachusetts and New Hampshire. We devise estate plans and business succession strategies designed to protect our clients’ families and businesses. These tend to be complex plans, personalized not only to the needs of the business owner and his or her family, but also to the goals of the business. We pride ourselves on taking the time to get to know our clients. Thomas O’Donohue PLLC crafts customized estate plans for business owners, because there is no room for one-size-fits-all.
Estate Planning for Business Owners
For business owners, an effective estate plan that preserves your wealth will require much more than a simple will. One or more trusts supported by comprehensive wills for business owners and their family members may be necessary. We will also help you tailor life insurance policies, powers of attorney and other estate planning tools to fit your unique goals.
When you enter into a buy-sell agreement, a review and tune-up to your estate plan is essential. Any contract among business owners can create difficulty for your business partners and your family after you are gone. The same can be true of your will. At Thomas O’Donohue PLLC, you will find a lawyer who will help you ensure compatibility between your important business and personal documents.
Business Succession Planning
If you are the sole owner of the business, what will you want to happen to the business when you are no longer able to run it? Will it remain in the family? Will it go to a trusted employee? Will it be sold? If you are a partner in a business, the question that will need to be answered is what will happen to your stake in the business? Do your children wish to step into your shoes, or is it more appropriate to sell your stake? We take great care to ask the questions appropriate to building an effective business succession plan as an integral component to our estate planning for business owners service.
Contemplating Marriage? A Good Time to Begin the Succession Planning Process
Your business interests are property interests. A prenuptial agreement prepared by Thomas O’Donohue PLLC is an important protective measure for both spouses to prevent undesirable consequences.
Contemplating Retirement? It is Never Too Late.
Even if all you have is a vague notion of whether or how you want your business to go on, Thomas O’Donohue PLLC is worth a call. We will help you identify your many options and assist you in considering their legal practicalities.
Contact an Estate Planning Lawyer Servicing Andover and North Shore Business Owners
We will welcome your call at 978-296-4758 or your email to our estate planning for business owners attorney.