For many family owned businesses, there is a presumption that the torch will one day pass to the next generation. Additionally, while the transition of management and operational duties is important, equally so is the preservation of value to the heirs.
Without a succession plan, the value of the business operations may deteriorate quickly following the passing of the owner. We have advised and consulted on a variety of succession plans, whether to a child, partner, key employee or capital investment group, which allows us to present the numerous options available. With client confidentiality of utmost concern, our clients can be assured that the discussions are secure and that the planning will be solid. We work closely, on a collaborative basis, with other professionals, including attorneys and insurance providers, to ensure the wishes of our clients are fulfilled in the plan chosen.