Forbes Dawson’s Post

At the Law Offices of Casey D. Conklin PLC, we understand the profound impact that exit planning has on both your personal and professional life. Our Exit Planning services are meticulously designed to provide you with the confidence and security you need when transitioning out of your business or managing your estate. Exiting your business is not merely about stepping away; it’s about ensuring that your legacy is preserved and your financial future is secure. Our approach includes comprehensive business valuation, detailed succession planning, precise legal documentation, and strategic tax planning. We begin with understanding the true value of your business, providing accurate valuations that enable you to make informed decisions. Succession planning is a critical component, whether you are passing the business to a family member or selling it to a third party. We craft a seamless plan that aligns with your personal and business goals. Legal documentation is another cornerstone of our services, from drafting buy-sell agreements to creating wills and trusts that protect your interests. Additionally, our expert team navigates the complexities of tax laws to ensure you maximize your financial outcomes. Our tailored approach takes into account your unique situation, ensuring that every aspect of your transition is handled with the utmost care and expertise. Our goal is to provide you with the peace of mind that comes from knowing your business or estate transition is in capable hands, allowing you to exit with confidence and leave a lasting legacy. Don't leave your future to chance. Secure your exit plan today with the Law Offices of Casey D. Conklin PLC. Contact us today to schedule a consultation and start planning for your future. Visit our website at: https://lnkd.in/ggHRhNk3 #ExitPlanning #BusinessSuccession #EstatePlanning #MichiganLaw #CaseyDConklin #FinancialSecurity #ProfessionalPlanning #LegacyBuilding

At the Law Offices of Casey D. Conklin PLC, we understand the profound impact that exit planning has on both your personal and professional life. Our Exit Planning services are meticulously designed to provide you with the confidence and security you need when transitioning out of your business or managing your estate. Exiting your business is not merely about stepping away; it’s about ensuring that your legacy is preserved and your financial future is secure. Our approach includes comprehensive business valuation, detailed succession planning, precise legal documentation, and strategic tax planning. We begin with understanding the true value of your business, providing accurate valuations that enable you to make informed decisions. Succession planning is a critical component, whether you are passing the business to a family member or selling it to a third party. We craft a seamless plan that aligns with your personal and business goals. Legal documentation is another cornerstone of our services, from drafting buy-sell agreements to creating wills and trusts that protect your interests. Additionally, our expert team navigates the complexities of tax laws to ensure you maximize your financial outcomes. Our tailored approach takes into account your unique situation, ensuring that every aspect of your transition is handled with the utmost care and expertise. Our goal is to provide you with the peace of mind that comes from knowing your business or estate transition is in capable hands, allowing you to exit with confidence and leave a lasting legacy. Don't leave your future to chance. Secure your exit plan today with the Law Offices of Casey D. Conklin PLC. Contact us today to schedule a consultation and start planning for your future. Visit our website at: https://lnkd.in/ghrJJ6jx #ExitPlanning #BusinessSuccession #EstatePlanning #MichiganLaw #CaseyDConklin #FinancialSecurity #ProfessionalPlanning #LegacyBuilding

There are many things that people are going to want to leave to their loved ones when they pass. A lot of the time, these items usually include the likes of property, funds and valuables; however, if you own a business and want to keep that business in the family, then you are likely going to want to pass on shares and ownership of your business. The probate process can be a complicated one and as such, to smooth it out as much as possible, one of the best things you can do is effective succession planning. This article is going to talk in more detail about Probate and Family Businesses and its impact on Succession Planning. Learn More - https://lnkd.in/gM6fxkm8 #ProbatesOnline

January is Financial Wellness Month – start the new year off fresh and take a new look at your estate plan. We can help you create a new estate plan or solidify the one you have with a will, trusts, estates, business succession plans, and other legal devices tailored to your situation. #FinancialWellness #Finance #GoetzFitzpatrick #EstatePlanning #Attorney #LegalCounsel #LegalAdvice #ManhattanLawFirm #GoetzFitz #BusinessLaw #CommercialLaw #ConstructionLaw #CorporateLaw #RealEstateLaw #TrustsAndEstates #NonCompeteAgreements

DGIM Law's #OfficeReads If you haven't yet read "The Legacy Blueprint" by Monique Hayes, click the link below to get your copy! https://bit.ly/3T4jsOr This essential book encapsulates Monique's fundamental mission within her estate planning practice: 𝙩𝙤 𝙞𝙢𝙥𝙖𝙧𝙩 𝙩𝙝𝙚 𝙘𝙧𝙪𝙘𝙞𝙖𝙡 𝙡𝙚𝙨𝙨𝙤𝙣 𝙩𝙝𝙖𝙩 𝙧𝙚𝙜𝙖𝙧𝙙𝙡𝙚𝙨𝙨 𝙤𝙛 𝙤𝙣𝙚'𝙨 𝙗𝙖𝙘𝙠𝙜𝙧𝙤𝙪𝙣𝙙 𝙤𝙧 𝙨𝙩𝙖𝙩𝙪𝙨, 𝙚𝙫𝙚𝙧𝙮𝙤𝙣𝙚 𝙨𝙩𝙖𝙣𝙙𝙨 𝙩𝙤 𝙗𝙚𝙣𝙚𝙛𝙞𝙩 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙘𝙚 𝙤𝙛 𝙚𝙨𝙩𝙖𝙩𝙚 𝙥𝙡𝙖𝙣𝙣𝙞𝙣𝙜. Whether establishing trusts, structuring business entities, or creating comprehensive wealth transfer strategies, readers will find actionable advice and practical solutions to safeguard their financial legacy and ensure a smooth wealth transition.

Why is it important to have a Lasting Power of Attorney in place as a business owner?

Continuing with my colleague Stephanie Parish ‘s blog series : FAQ 11 - “Why is it so important to consider a Will and Powers of Attorney as a business owner?” Business owners not only have to consider estate planning in terms of providing for their family, but also succession planning for their business and the future of the business. 🟣 are there other directors who can manage the business if I die or lose capacity? 🟣what do I want to happen to my shares on my death? 🟣can I pass my shares to who I want or do the company documents conflict with the terms of my Will? 🟣 are there ways to mitigate inheritance tax on my death? …. And so on. Further guidance for business owners can be found in Stephanie Parish blog below: https://lnkd.in/gKKy5MQ9

It's a harsh reality that most family businesses don’t outlive their founders. Nearly two-thirds of family business succession plans fail, and almost half of those that survive an initial transfer don't make it through a second. The reasons are varied, but a few key factors often play a significant role. People To ensure a smooth transition, it's crucial to develop a business succession plan. Working with an attorney can help establish objective criteria for who will take over, how it will happen, and when. If selling the business to benefit your family is your goal, a solid plan is essential for that as well. Taxes Understanding estate taxes and planning for them is critical. Without proper estate-liquidity planning, your family may face the burden of selling the business just to cover the taxes owed. Early and strategic planning can prevent this outcome. Cash A good succession plan includes strategic objectives for the future and ensures the company has the cash to fund them. Leaving your successor with debt and unfunded commitments can jeopardize the business. Effective planning ensures you leave the company in a healthy financial state. The bottom line: Keeping your business in the family is possible with a well-crafted business succession plan. An experienced lawyer can help you create and execute this plan, ensuring your legacy endures. Take the first step in securing your legacy. Contact Houck Menninger Law at (937)985-0059 or visit https://lnkd.in/d4rBUZJH #HMLaw #HouckMenningerLaw #AssetProtection #Probate #EstateSettlement #EstatePlanning #Medicaid #Trusts #Estate

Family businesses often get destroyed after a death in the family due to a lack of succession planning. To prevent this, it's crucial to have a clear, legally structured plan outlining who will take over the business and how it will be managed in the event of the owner's death. This plan should be part of a comprehensive estate strategy that includes allocating shares, roles, and responsibilities to successors. Incorporating this into legal documents like wills and trusts ensures continuity, prevents disputes among surviving family members, and helps sustain the business's operations. Engaging with legal and financial advisors to draft these plans can safeguard the business's future and maintain its legacy within the family. Contact us for a free consultation today at: allenbyestateplanning.com #EstatePlanning #estateplanninglawyer #AllenbyLaw #probatetips #estateplanningtips #sandiegoestateplanninglawyer

Estate planning is not just about the distribution of assets; it's a strategic tool that plays a pivotal role in achieving your long-term financial goals. At The Mack Law Group, we understand that your financial well-being extends far beyond the present moment. A well-crafted estate plan can help you protect and grow your wealth, minimize tax liabilities, and ensure that your assets are passed on efficiently to your heirs and beneficiaries. Our team of experienced professionals is here to guide you through the estate planning process, tailoring it to your unique financial objectives. With the right plan in place, you can build a strong foundation for your financial future, leaving a lasting legacy for generations to come. Contact us today to book your consultation. 📍 Bloomfield Hills, Michigan ➖ Legacy and Estate Planning, Corporate and Commercial Transactions, Intellectual Property 📱 (248) 562-6423 🌐 www.macklawgrp.com — #TheMackLawGroup #BlackLawyers #BlackLawyerMichigan #MichiganBlackLawyers #MichiganAttorney #LawFirm #LawGroup #Michigan #BloomFieldHills #BloomFieldHillsLaw #BloomFieldHillsLawyer #MichiganLaw #MichiganLawyer #WomenOwned #WomenLawyers #WomanLawyer #MichiganEstatePlanning #MichiganEstatePlanningAttorney #Legacyplanning #IntellectualProperty #BlackWomenOwner #WomenofColor