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Our business and estate planning lawyers assist individuals, privately held businesses and larger corporations throughout Ohio, Kentucky and Florida establish a succession plan to ensure their business continues its profitability from one owner to the next, while at the same time, structuring a plan for retirement for the current owners. If you own a business, it is vitally important that your estate planning includes provisions for your business. As a business owner, it is likely that a significant portion of your wealth - and your family's source of income after your death - is tied up in the family business. The success of your estate plan depends upon the business being transitioned to the next generation or sold to someone outside the family for a fair price. Either result takes planning and preparation. Our business and estate planning lawyers have advised hundreds of business owners on succession planning and designed estate planning strategies for our business owner clients. Some strategies include: • Minimizing taxes • Buy-Sell agreements • Ownership transfers • Life insurance • Protecting and dividing your business assets • Gift planning With so much at stake, it’s wise to meet with a business and estate planning attorney to help you work through this process. Jeff Stagnaro has 28 years of experience working with business owners and setting up estate plans for both their business and family.
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