Details.
Counsel for closely held business owners to facilitate business transitions in a smooth and tax efficient manner. Guidance includes identifying leadership successors, retaining key employees, navigating family conflicts, and using succession planning tools such as buy sell agreements, family limited partnerships, grantor retained annuity trusts, grantor retained unitrusts, private annuities, self canceling installment notes, redemptions, recapitalizations, and sales to defective grantor trusts. These tools help minimize estate tax on transfers of a business to the next generation.