PRACTICE AREAS

Business Succession and Inheritance Business Succession

When a business is transferred from the owner of a corporation or medical corporation to a family member, there are many issues that must be overcome; for example, establishing the management structure after succession, preventing an excessive burden on the family due to inheriting debt guarantee obligations, preventing disputes regarding the statutory inheritance shares among heirs, setting up a reasonable plan for the payment of inheritance tax, and so on.  At TMI, we provide clients with advice on the best corporate reorganization plans for business succession, wills and  inter vivos gifts, and about the special exemption system for statutory inheritance shares, to prevent inheritance disputes and to come up with strategies for reducing inheritance tax.

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