Estate planning on your own can be complicated and costly. And the list is endless... state taxes, bureaucracy, probate courts, unfair appraisals, health care concerns, eligibility of heirs, life insurance, IRA's, 401K's, annuities, burial or cremation costs, and intent regarding death-postponing treatment to name a few. Not knowing your legal and financial rights often ends up costing you more in the end.
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If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like..."What happens to the business when you're no longer running it?" and "Will you have enough money to retire?"
The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.
Most often, the success or failure of a deal comes down to whether or not proper financial due diligence was conducted. When making an acquisition, we focus attention on uncovering all the information behind the financial statement because we know this has everything to do with the ultimate success of your transaction. We also realize that when making a sale, improved financial due diligence can save time, reduce costs and gain you access to a wider audience of prospective buyers.
