For small business owners, utilizing an Estate Planning attorney with expertise in Business and Corporate law is crucial for small business owners seeking to establish a comprehensive Business Succession Plan. Small businesses often represent a significant portion of an owner’s assets, and without a proper plan in place, the continuity of the business may be jeopardized in the event of unforeseen circumstances such as death, disability, or retirement.
An attorney well-versed in both Estate Planning and Business/Corporate law can navigate the complexities of transferring ownership seamlessly. Most Estate Planning attorneys do not have experience with Business/Corporate law or Business Succession Planning so don’t assume any attorney you talk to is qualified. Do your due diligence before you hire anyone.
Being able to work with a qualified attorney will enable you to have an effective succession plan to minimize tax implications, facilitate the smooth transition of leadership, and ensure that the business remains viable and profitable in the hands of the designated successors.
Just as an important as planning for a smooth transition, a skilled attorney can help mitigate potential conflicts among family members or business partners by outlining clear guidelines for ownership transfer and decision-making processes.
The Lawler Group has the experience and expertise to help you construct a Business Succession Plan for the business that you have put your heart and soul into. Please contact us if you have any questions about preserving the legacy of your business.
Here’s another valuable suggestion that could significantly enhance your peace of mind.
When seeking an Estate Planning attorney, consider engaging someone who offers an Annual Client Care Program. This unique service goes beyond the traditional scope of legal representation, providing ongoing support and proactive measures to ensure that your Estate Plan stays current and aligned with your evolving needs.
Here are a few compelling reasons to choose an attorney with an Annual Client Care Program:
1. Annual Updates: Life is dynamic, and your circumstances may change over time. An Annual Client Care Program ensures that your Estate Plan is reviewed and updated each year to reflect any alterations in your family, finances, or legal regulations. Issues that might be updated include your assets, your beneficiaries, successor trustees and/or guardians.
2. Relationship/Accessibility: With this program, you’re not just a client; you’re part of an ongoing and continuing relationship. Access to your attorney throughout the year allows for timely consultations addressing any concerns or questions that may arise.
3. Annual Family and Advisor Meeting: This crucial annual gathering involves a comprehensive discussion with your family members to ensure they are well-informed about your wishes. Additionally, this meeting includes sessions with your Estate Planning attorney and other trusted advisors, such as your CPA, insurance agent, and financial advisor. Together, your team will review any changes in your personal and financial situation and collaboratively recommend adjustments to enhance the protection of your family. This proactive approach ensures that your Estate Plan remains up-to-date and aligned with your evolving needs.
4. Peace of Mind: Knowing that your Estate Plan is being actively managed and adapted as needed can provide a significant sense of security. This type of Program emphasizes a proactive approach, helping to avoid potential issues before they become problems.
5. Educational Resources: Many programs include educational resources and events designed to keep you informed about changes in Estate Planning laws, financial strategies, and other relevant topics. This ongoing education empowers you to make informed decisions about your estate.
6. Cost Savings: Enrolling in an Annual Client Care Program not only ensures long-term financial prudence but also offers a transparent fee structure. The regular updates and preventive measures received from this program provide a significant savings on legal fees. The most effective Client Care Programs are designed with a straightforward annual flat fee covering updates, attorney accessibility, educational resources, and the Annual Family/Advisor Meeting. This structure eliminates monthly bills or incremental charges emails and telephone calls with your attorney.
In conclusion, choosing an Estate Planning attorney with an Annual Client Care Program is an investment in the long-term success and adaptability of your Estate Plan. It reflects a commitment to a lasting partnership that goes beyond the typical attorney-client relationship.
To explore the full spectrum of advantages offered by The Lawler Group’s Legacy Membership Program, please do not hesitate to connect with us. If you have questions or require more information about this program, we welcome you to reach out.
To help you get the answers you need, we invite you to schedule a complimentary 15-minute call with Mr. Scott Lawler through this link. Alternatively, you can direct your inquiries to Mr. Lawler at [email protected].
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