Estate Planning & Business Succession

The ever-increasing complexity of personal and business taxation poses a challenge for clients seeking to pass on wealth or transition a business to the next generation. For more than thirty years, our attorneys have set a high standard of knowledge, experience and creativity in advising clients about all aspects of the planning process, from simple wills to multi-generational planning.

Our practice group focuses on the personal and family objectives of each client to assure that the client’s beneficiaries receive the property intended for them with a minimum of tax consequences. We are well versed in the full range of estate planning options, especially for closely-held businesses, including wills and trusts, lifetime gifts, asset protection, life insurance and employee stock ownership plans.

We work closely with clients’ accountants, financial planners, insurance professionals and other professional advisors to achieve each client’s goals efficiently, with a focus on practical strategies and long-term benefits. Our attorneys have represented trusts and estates before the Internal Revenue Service and the Minnesota Department of Revenue. We also provide services in every aspect of estate and trust administration, including probate court filings, tax filings, preparation of estate, gift and fiduciary tax returns and counseling with respect to charitable giving, guardianships, conservatorships and will contests.

Because the focus of our practice is on individuals and closely-held businesses, we have the experience to lead our clients through the many tactical, strategic and emotional issues associated with the planning of an estate or the transition of closely-held businesses to the next generation of owners.

Attorneys Practicing in Estate Planning & Business Succession
Anderson_Scott_548Scott Anderson
Shareholder JD/CPA
Heinson_Gordon_074Gordon Heinson
Of Counsel
Ray_Nathan_332Nathan Ray
Shareholder
 Redpath_John_402John Redpath
Shareholder
Thomas Trier
Associate

Succession Planning for the Closely-Held Business

By Scott Lloyd Anderson

It is the American dream to start your own business, help it to grow, and leave something behind for your family.