We Can Help You Keep Your Family Business In The Family
If you own a family business, company or farm, you may have some questions and concerns regarding how to handle the succession of it to your intended heirs. An experienced estate planning lawyer can provide advice and guidance for your succession planning concerns.
Since 1979, Bowe & Odorizzi Law, LLC has been providing experienced representation to clients in the Tamaqua area and throughout Northeastern Pennsylvania. Our attorneys are prepared to advise on a wide range of estate law concerns, including farm and family business succession. We will take the time to thoroughly understand your situation in order to provide you with a planning strategy that is on point with your unique needs.
To talk to a Tamaqua area succession planning attorney about your concerns, contact us today. We promptly respond to all messages.
Legal Help For Inheritance Tax Planning And Business Succession
There are new Pennsylvania laws that affect how business succession can occur, particularly with regard to family farms. You have the ability to subdivide the property or set up a corporation, for example, using certain strategies that keep the farm in the family.
Other circumstances may occur where some children are involved in the family business while others are not. If only involved children are to have a stake in the business in the event of your passing, a life insurance buyout can give liquidity to the estate for tax purposes as well as for compensation for the nonreceiving offspring. Our experienced attorneys can advise and walk you through succession planning strategies for these and other matters.
For help with business or farm succession planning, contact our firm by calling 570-225-0032 or toll free at 866-586-9855. Or, if you prefer to send an email, you may do so using our online form on this website. We offer free consultations for many matters, are available for weekday, evening and weekend appointments, and are committed to charging reasonable and affordable rates.