Planning for High Net Worth Families with Closely Held Businesses

The ShuffieldLowman team of attorneys understands the unique challenges of representing the owners of privately held family-owned businesses who have accumulated significant wealth. The firm effectively assists these owners in planning for the continued growth, development and refinement of their businesses, along with corporate structure, executive compensation, finance, real estate, mergers/acquisitions, securities and taxation. At the same time, we make sure to review and comprehend the effect of the business owner’s personal goals and objectives in providing such assistance to the business. In particular, we understand that it is very common for a family business owner to struggle with the involvement of family members in the succession plan for the business and with harmonizing the needs of the business to succeed with the emotional needs of the family. The representation of those clients requires a unique perspective that focuses on the interrelation of the many facets of business law listed above with the many areas of the estate planning practice. Such focus requires a depth of experience in handling family governance, family partnerships, dynasty trusts, liquidity planning, estate and income tax planning, and retirement and compensation plans for business owners and executives. Our team is well equipped to help those family business owners with significant wealth in the development of a successful plan to meet their personal and business goals and objectives.

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