Estate Planning & Business Succession

An estate plan organizes an individual’s personal, legal and financial affairs into a detailed plan prior to the death or incapacity of the individual. At Marks & Klein, we work closely with our clients to ensure that an effective plan is in place in the event of death or incapacitation. This plan is intended to direct, and to serve as a guide for, the deceased or incapacitated individual’s affairs. 


Our attorneys are also frequently consulted regarding the succession of a closely held or family business. Succession of a family business to a succeeding generation requires consideration of many issues, including the maintenance and structure of the business after incapacity or death; who will succeed to the family business; how, when and in what manner those family members will receive the interest in the business; how will partners outside of the family be treated; and what assets passive family members may receive in lieu of an interest in the business.


We also assist our clients in developing and refining their charitable goals. We utilize charitable trusts such as charitable lead trusts and charitable remainder trusts to obtain favorable tax treatment while furthering our clients’ charitable objectives and provide counsel and guidance regarding effective gifting methods.