Many families draft their first estate plan after they have their first child.
What is Estate and Business Planning?
On a daily basis we think about our future; we think of our employment, our finances, our families, our legacy. We know that certain events could have a profound impact on these things that we want to protect. Losing your job, credit card debt, disability to a loved one, or taking out a mortgage on your home – these are examples of real events that happen every day that hit so close to home. As the term planning suggests, there are legal instruments available to help you to be prepared. Whether you are taking out an equity loan to support your own LLC, or writing a codicil to your own last will and testament after going through a divorce – the Law Office of Gregory P. Sheehan is ready to help you.
With so much at stake, turn to an attorney with experience in estate and business planning. Unexpected results can undo a lifetime’s work, leaving behind devastation and soaring legal bills. Let the attorneys in our office explain how their experience can help you protect your legacy, whether it is a business or the assets in your estate.
Estate Planning
When people hear “Estate plan” they think of their money and they think of end of life decisions, and many do not look any further because these topics can create anxiety.
An Estate plan is a means to ensure security and peace of mind when it comes to your entire life’s work and the people that you care about. The cost of avoiding your Estate plan might in fact fall on your spouse or loved ones down the road and could be significantly more than putting a plan in to action today.
Whether you are considering a last will and testament, a revocable-living trust or more straightforward documents such as a durable power of attorney or advanced health care proxy, our office understands the importance of these decisions, and we understand your financial and natural concerns.
Each situation is unique and we want to make you feel comfortable. Our office is ready to explain the process to you and we offer a flexible price schedule as well as free consultation.
Business Planning
Protecting your Intellectual Property from Pirates is a basic use of Business Planning methods.
To go back to the term planning, your business interest is subject to managerial, financial or personal changes, and there are tools available to make sure that all your work is not only protected, but that your benefit will continue to be returned to your legacy.
Just like an Estate plan, the cost of avoiding your business plan now could be significant to your family in the future. Maybe you’ve already considered some of the initial steps that turn your ideas and work into assets. For example, you want to protect your trade secrets and other Intellectual Property like Trademarks, Copyrights and Patents. Through proper business planning, you can turn these thoughts in to assets that you can pass on to your family and possibly even borrow against to create wealth now.
Perhaps your business has current liability or tax concerns; do you have the best protection that you can have? Is there a better tax structure for your business? If you manage your business you have to ask yourself these questions, and turning to an experienced Attorney should be your first step.
These are examples of decisions you can make right now that can turn in to immediate rewards, but at the Law Office of Gregory P. Sheehan we also consider the succession of your business value. Does your family deserve what you’ve worked for after all your life’s work? What is the best structure to ensure that the business continues but your family is still rewarded?
As with planning an Estate, our office will review your business structure and personal goals through a free consultation and we provide a flexible price schedule.
Overview
Your money, your time, your family, your knowledge – these are all things that you strive to safeguard on a daily basis. Whether you have simple questions or a plan laid out already, don’t hesitate to talk to our legal team and ask us for help.
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