Lawyers for Estate & Business Succession Planning in Rockford
Helping Illinois Businesses Develop Secure Estates
The attorneys of Reno & Zahm LLP counsels business owners when they seek to develop a plan for their estate and succession of their business. We carefully consider a client’s objectives when we offer solutions that can help them reach their goals.
Our attorneys can work with you to develop a will or trust that details what will happen to your assets and property – including your company – when you pass on.
We can also advise clients of their options concerning niche topics such as:
- Buy-sell agreements
- Life insurance
- Marital deduction and credit shelter trusts
- QTIP trusts
- Post-mortem tax planning
For more information about what an business succession planning attorney in Rockford can do for you, reach out to one of ours at Reno & Zahm LLP for help.
What Happens to My Business When I Die?
Business owners who care about the legacy of the company they built are likely concerned about what happens to it when they die.
If you own a sole proprietorship, your business is terminated upon your death and its assets become part of your estate.
For other types of businesses, particularly those where ownership is shared, things can become more complicated. When you die as an owner of another company – examples: partnership, limited liability company, or corporation – your stock and ownership can be transferred to a beneficiary according to your will or trust.
An estate attorney can help you make arrangements to transfer your stake in a company to a capable coworker or family member who you trust to take up the reigns after you pass on. Whatever you want to happen after you pass one, Reno & Zahm LLP can work toward making it a possibility.
Start building estate and business succession plans with an attorney by contacting us online today.
“Jan was professional and presented my case to the jury in a manner that provided me with an excellent result.”- Richard
“I was very satisfied with Jan’s competent and professional representation.”- Kandy
“We are grateful for [Jan's] excellent representation.”- Valerie