Pasquesi Sheppard’s niche with 50 years of experience has been focused on serving families with multigenerational wealth, business owners, family offices and high-net-worth individuals. Our professionals are equipped to work alongside you for estate planning that not only meets your objectives but also offers peace of mind for you and your family.
Estate & Succession Planning
Committed to Enhancing and Protecting Your Legacy Now, For Tomorrow
Our Approach to Estate Planning
Beyond taxation, considerations such as family dynamics, fairness, asset protection, and efficient wealth transfer play significant roles in your estate planning decisions.
Relevant considerations include:
- What is the projected liability for estate taxes in your future, and how will they be funded?
- Are you assured that your estate planning objectives will be fulfilled with existing documents?
- How might estate or gift taxes influence the configuration of your current investments?
In designing your plan, we take into account your specific goals and strive to minimize tax implications. As your objectives change over time, we will ensure your estate plan remains adaptive and relevant. Our focus is on empowering you to provide for your loved ones in a tax-efficient manner while protecting your assets, reducing risk, and complying with federal and state laws and regulations.
Our Approach to Succession Planning
You have dedicated years of intense focus and energy to managing your business. As you consider stepping back, transforming the fruits of your labor into a meaningful and fulfilling next chapter requires a comprehensive approach. This approach should integrate technical business expertise with a thorough assessment of your personal goals, ensuring that your wealth not only sustains but enhances your life beyond business.
Every privately held business will ultimately need to consider ownership transition and leadership roles. Therefore, it is crucial for business owners to have a transition plan in place.
What will your legacy be and who will maintain it?
Factors to Consider When Developing Your Succession Plan
- Identification of family leadership objectives and transition timeline
- Strategies for keeping ownership within the family, either via gifting or selling to the next generation
- Defining family objectives across different generations
- Strategic funding options
- Selling your business to a third party
- Potential deal structures aimed at minimizing taxes and maximizing wealth creation