Estate Planning, Business Succession, & Protecting Your Business

 In order to effectuate a successful transition of your business, it is necessary to have a clear plan in place in order to transfer assets and distribute the stocks after the person who holds these items has died.  The efficiency of the transfer will help to preserve the value of the business.  If there is no clear succession plan, there may be power struggles that undermine the strength of the company.  These disputes also may prolong the probate process, which could lead to a devaluation in the stock, creating an uncertain future for the business.

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Creating Charitable Trusts during the Estate Planning Process

A person normally establishes a charitable remainder trust with the intention of benefitting from the trust during his or her lifetime.  In addition to creating a trust that eventually will benefit one or more charitable organizations, the individual who establishes the trust gets the tax benefits during his lifetime.

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Tips on Choosing a Competent Estate Law Attorney in New Hampshire

Establishing an estate plan is not like an adjustable ball cap.  One size does not fit all.  Typically, out of 20 people who want to create an estate plan, not one of their plans is exactly the same.  That is why online cookie-cutter estate planning simply do not “cut it.”  You need a professional who listens and wants to understand your family and concerns – from your perspective.

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