Continuity Planning

The continuity of business interests or real estate to be kept in the family is an important aspect of our process. Most of our clients own a significant asset which needs specific attention. Most often, this is ownership in a privately held business. Often, there is a critical decision to be made. Will the business be sold, go public or be passed down to the next generation?

Alternatively, an objective may be to keep a real estate asset in the family. Sharing of these assets by beneficiaries can be difficult and careful planning from many perspectives is necessary to successfully accomplish this objective.

Consideration must be given to items such as ownership, control, income, cash flow and tax responsibility. In addition, the significant size of this asset often creates challenges with equalization among family members and is charged with emotion, which puts pressure on the family. All of these factors create the need to carefully focus on the continuity plan and integrate it with the overall planning.

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