Preserving a Family Farming Business

Opportunity: Our client was a family farming business with operations conducted in four states. If the patriarch (who was the principal owner) passed away, the business would face major management and tax challenges.
Solution: We stepped in to provide needed guidance. To ensure that the family would not have to sell the business, our lawyers developed a business succession plan that will both ensure ongoing management and minimize estate taxes.
Result: By our proactive planning, the continuity of the business was assured while the family remained confident that their financial assets did not have to be liquidated to pay estate taxes.

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