Our personal approach and involvement with our clients regarding their financial and tax affairs often leads us to become a key advisor in the development of a tax-effective estate plan. We are very experienced at helping individuals and families manage their estate transfer tax exposure and we understand the effects of wealth transfer to future generations. Our professionals are here to walk you and your family through the process of organizing and taking care of your financial life so that you can have peace of mind knowing your affairs are in order.
We will help you manage your current financial situation to provide for a desired lifestyle during your retirement years and this will eventually lead to the transition and transfer of your estate to your heirs. We believe that your goals and objectives in establishing a successful estate plan are best served through the development of a structured plan of wealth preservation during your lifetime, followed by an orderly transition of your estate in a tax-efficient manner.
One of the greatest concerns currently facing the ownership of closely held businesses is how to establish and develop an appropriate succession plan so that an optimal legacy will remain after the transition has occurred.
Our professionals work closely with business owners to help them develop and grow their businesses. We are therefore well-positioned to work with them to develop and execute an appropriate succession plan. We understand the various issues that owners face when they deal with the future succession or sale of their businesses.
Succession planning involves a number of factors: determining the choices you have to make regarding your business, identifying the objectives of ownership for developing the succession plan, transaction and taxation planning, asset protection planning, and estate planning. And, as entrepreneurs and owners of your business, you will need to decide which transition option to follow including transferring the business to family members or key management inside the business, selling your business to outsiders or taking the business public.
With Manning Elliott at your side, we can help you develop and implement a plan that will meet your specific objectives. Our comprehensive approach to assisting you with the establishment of your transition goals, structuring an orderly transition plan and finally executing the successful transition will ensure that your business legacy continues.