ESTATE PLANNING SERVICES
Estate planning is an essential part of your family’s future security in the event of death or disability. At Possinger Law Group, we can help you identify goals, explore your options, and anticipate issues of which you may not have even been aware.
Everyone should have at least a basic estate plan, including a Will. This is especially the case with families and the elderly, but also for young adults, including college aged students. Blended families as well have special estate planning needs. As law firm with a practice in estate planning, a lawyer at Possinger Law Group will take the time to explain estate planning forms and how to use them to carry out your wishes and take care of those you value most. Some of the estate planning documents that our firm prepares for clients include:
- Health Care Directives (“Living Wills”)
- Living Trusts
- Special Needs Trusts
- Family Trusts
- Disclaimer Trusts
- Credit Shelter Trusts
- Firearms/NFA Trusts
- Community Property Agreements
- Guardianship Clause For Minor Children
- Powers of Attorney
- Separate Property Agreements
- Post Mortem Instructions
BUSINESS SUCCESSION AND TRANSITION PLANNING
Business succession planning (also known as exit planning) is an important part of the small to medium sized business. It is essentially the process of preparing to transfer control of a business to another person or business entity. The goal of most business owners is to transfer the business to a third party in a way that minimally disrupts business operations and that maintains or even provides for enhanced valuation of the business for the owner transferring the business. Possinger Law Firm can assist business owners with the process of developing and executing a Business Succession Plan, either as a stand-alone service, or as part of the estate planning process for the firm’s business executive clients.
Some of the important reasons for having a Business Succession Plan is that for many business owners, their business is their estate’s largest asset. Planning for estate taxes is essential, if not seeking ways to sell, gift or otherwise transfer the business to the next generation or a new buyer. Closing up shop is also a potential option for bringing a business enterprise to an end.