Estate Planning for Business Succession

The accumulation of financial resources enables a business owner to become free of credit guarantees, initiate an exit strategy, and empower succession by transferring leadership and control of the business to partners, family members or key manager successors

Learn more and download a free estate planning for succession planning guide.

Unsure where to start or confused about the current upcoming changing in estate tax laws, contact us. 

The Vital Difference between Estate Planning and Succession Planning for Your Business

2023-07-07T10:28:33-05:00By |Agriculture, Succession Blog|

As the saying goes, "failing to plan is planning to fail," - and this statement couldn't be more valid in growing your business. To achieve your vision and ensure long-term success, it's not enough to focus solely on the present; you must also proactively create strategies and plans to turn your dreams into reality. [...]

What Multi-Unit Franchisees Need to Know About Estate Planning

2024-03-15T14:41:47-05:00By |Advisor Collaboration, Multi-Unit Franchise Ownership Strategies, Multi-Unit Franchising, Succession Blog, Video|

Dive into the intricate world of estate planning for multi-unit and multi-brand franchisees and family businesses with Nate Riordan, founder of West Coast Franchise Law, and seasoned succession planners Jeff Bannon and Greg Sisa from The Rawls Group. Discover the unique challenges faced by franchise businesses due to the franchisor-franchisee [...]

From Control to Continuity: Expert Strategies for Franchise Owners

2024-03-15T14:39:08-05:00By |Advisor Collaboration, Multi-Unit Franchise Ownership Strategies, Multi-Unit Franchising, Succession Blog, Video|

In this eye-opening video, Nate Riordan, the founder of West Coast Franchise Law, teams up with seasoned succession planners Jeff Bannon and Greg Sisa from The Rawls Group to shed light on a crucial aspect of franchise ownership: trusts and succession planning. Dive deep into the world of estate planning [...]

Navigating Trust Approval in Multi-Brand Franchisee Succession

2024-03-15T14:36:09-05:00By |Advisor Collaboration, Multi-Unit Franchise Ownership Strategies, Multi-Unit Franchising, Succession Blog, Video|

Join us for a crucial discussion as Nate Riordan, the founder of West Coast Franchise Law, teams up with seasoned succession planners Jeff Bannon and Greg Sisa from The Rawls Group. Together, they delve into the essential aspects of coordinated planning in multi-brand franchisee businesses, family enterprises, and succession strategies. [...]

When are Taxes Going Up on Capital Gains?

2021-08-11T12:31:22-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Video Discussions, What is Up With President Biden's Tax Proposals?|

As of August 2021, because Capitol Hill has yet to agree on funding, the timeline is still anyone’s guess. In the Green Book, which is the White House’s policy wish list, their goal is to increase long-term Capital Gains significantly. Even though we can’t speak to the timeline yet, tax increases [...]

What is the Lifetime Gift Tax Exemption and When Will It Be Cut?

2021-08-11T12:22:25-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Video Discussions, What is Up With President Biden's Tax Proposals?|

Currently, as of August 2021, the Lifetime Gift Tax Exemption for each individual is about 11.7MM per person, which is the highest in history. This means a married couple could gift about $22.7MM to the next generation tax-free. However, based upon the White House’s wish list of how to fund [...]

What Is Happening with 1031 Exchanges For Real Estate?

2021-08-11T12:16:10-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Video Discussions, What is Up With President Biden's Tax Proposals?|

Currently, as of August 2021, a 1031 exchange allows a taxpayer to avoid paying capital gains taxes when selling an investment property by reinvesting the proceeds from the sale, within specific parameters, into another property(s). Up until now, this part of the tax code has been helpful to those selling [...]

What Assets You Should Gift and To Whom?

2021-08-11T12:03:52-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Video Discussions, What is Up With President Biden's Tax Proposals?|

Making gifts and considering changes in tax law is one piece of the succession planning puzzle. When working with business owners, we often find that they have had some of the best tax planning money can afford. However, when designing the plan, they let the “Tax Tail Wag the Dog” [...]

How to Gift or Sell an Asset AND Stay in Control

2021-08-11T12:08:50-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Video Discussions, What is Up With President Biden's Tax Proposals?|

In our experience, business owners like to stay in control, in control of their business, real estate, and future.  So, when we talk about giving something away, we generally get pushback from our clients.   Ultimately, the goal from a tax perspective; is to keep as much of the wealth and [...]

What is Changing In the Areas of Estate Tax?

family-business-succession-planning

Planning Opportunities To Take Advantage of Now

family-business-succession-planning

Leadership in Uncertain Times

family-business-succession-planning
Go to Top