Business Succession Planning
A good business succession plan should provide for family wealth preservation and legacy planning and can help implement the owners’ chosen estate plans. We provide focused estate planning for owners of closely held businesses including family farms and other agricultural businesses. The planning usually involves managing financial resources through the strategic use of trusts, gifts, buy-sell agreements, and other income- and wealth-transfer plans. These plans implement family and charitable goals while minimizing income, gift and estate taxes. Experience is every bit as invaluable in this process as it is in the rest of business. At Halverson Northwest we have the business acumen and legal expertise to ensure that your business continues to thrive long after the reins have been transferred.