Transferring Business Assets From One Generation To The Next
Estate planning is important for everyone, especially business owners and high-net-worth individuals concerned about turning over their wealth to the next generation. At ZMA Legal, we are trusted legal allies for business owners, physicians, team owners, athletes, executives, private equity professionals and real estate developers in Deerfield and throughout surrounding Illinois communities. We draw upon extensive business law and estate planning experience to guide our clients through the nuances of business succession planning and determine your goals and identify strategies which accomplish your wishes.
Efficient Business Succession Planning
After building a business from the ground up, owners are rightfully concerned that the transfer of assets be as smooth and efficient as possible. Without careful legal planning, assets can be lost to unnecessary taxes. Unclear direction can leave new management without a clear plan of action. With firm plans in place, however, you can lay the foundation for future success.
Full-Service Estate Planning
We can help you prepare all of the estate planning documents you need to set your wishes in writing and to secure a stable financial future for you and your loved ones. Our estate planning services include establishing:
- Living/revocable trusts
- Irrevocable trusts
- Life insurance trusts
- Charitable remainder trusts
- Residence and land trusts
- Family limited partnerships
- Asset transfers
- Powers of attorney for property and healthcare
- Advance healthcare directives/living wills
We will work with you personally to craft an estate plan that reflects your unique wishes and concerns.