The Strategic Advantage of Estate Planning for Enterprising Families

Empower Your Family's Future & Secure Your Legacy For Generations

Make A Multi-Generational Impact That Creates a Lasting Legacy

Approximately 56% of high-net-worth individuals have an estate plan in place (Source: CNBC). By 2045, it is estimated that $84.4 trillion will be passed down to heirs, with $72.6 trillion going to family and friends, and $11.9 trillion donated to charities (Source: Cerulli Associates). 80% of high-net-worth individuals use trusts as part of their estate planning strategy (Source: WealthManagement.com).

Businesses with a succession plan are more likely to retain value and experience smoother transitions compared to those without (Source: PwC). Proper succession planning also helps with overall organizational health when it comes to valuations pertaining to exit strategy.

The federal estate tax exemption is $12.92 million per individual in 2023, with a top rate of 40% (Source: IRS). 17 states plus the District of Columbia have their own estate or inheritance taxes, with exemptions significantly lower than the federal level (Source: Tax Foundation).

Why Estate Planning Matters

Protect Your Wealth:

Minimize Taxes: Effective estate planning helps reduce estate, gift, and income taxes, preserving more of your wealth for future generations.
Avoid Probate: By setting up trusts and other legal mechanisms, you can avoid the lengthy and costly probate process.
Ensure Business Continuity:

Succession Planning: A well-thought-out succession plan ensures that your business operations continue seamlessly, maintaining stability and growth.
Leadership Transition: Prepare the next generation of leaders with a clear plan for transferring management and ownership roles.
Provide for Your Loved Ones:

Tailored Inheritance: Customize the distribution of your assets to meet the specific needs and goals of each family member.
Protect Vulnerable Beneficiaries: Set up special provisions for minors, dependents with special needs, or those who may need financial management assistance.
Mitigate Family Disputes:

Clear Communication: A comprehensive estate plan minimizes misunderstandings and conflicts by clearly outlining your wishes.
Fair Distribution: Ensure an equitable and transparent process that honors your intentions and maintains family harmony.

Start Planning

business continuity: Relies on a solid strategy & succession plan

Only 30% of family-owned businesses survive into the second generation, 12% into the third, and 3% into the fourth and beyond (Source: Family Business Institute). About 60% of small business owners do not have a succession plan in place (Source: Wilmington Trust). 70% of family-owned businesses fail or are sold during the founder's lifetime, largely due to lack of succession planning (Source: Conway Center for Family Business).

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