Succession Planning for Privately Owned Businesses
Practical advice for individuals and owner-managed businesses.
Richards Buell Sutton LLP offers complete succession planning services to you and your parents or children. Our team understands the strength and determination it has taken for you to build and create your successful business and the protection you want to offer not only your family, but your business as well.
What We Do
Our team creates effective, personalized, tax-efficient plans using a wide range of legal tools, including trusts and specialized corporate structures. Our plans are designed to ensure that you have the option to retain control and that your assets ultimately go to the persons you choose. Every plan has built-in flexibility to allow you to respond to future changes in your personal needs, tax status and family relationships.
The range of services that our experienced team can provide you includes:
- Estate freezes and planning for capital gains liability
- Business succession planning - control and equity allocation among family members
- The preparation of powers of attorney, health care directives, and representation agreements
- Establishing appropriate family trusts
- Wills, testamentary trusts and disability trusts
- Alter ego and joint partner trusts
- Probate fee planning
What You Can Expect From Us
We take the necessary time to fully understand your situation and your desired end result. Our lawyers work closely with your investment, insurance, and tax advisors, and your existing legal advisors, to preserve and support your existing relationships. The firm also take great care to ensure that all client information remains strictly confidential.
We understand that our clients’ priorities are focused on arranging their personal assets to protect the interests of their loved ones and to secure an orderly succession of their affairs. Our lawyers are experienced at reviewing all the relevant variables and creating appropriate plans to handle business succession, minimize unfavourable tax consequences and avoid potential disputes with respect to probate or challenges to wills and estates plans.