Georgia Business Succession Lawyer

Running a successful business requires keeping your eyes on the future as well as the present. When planning for your company’s future, you should consider creating a Business Succession plan. Not only can these plans prepare for your eventual retirement, but they can also provide emergency instructions in case of your sudden injury, illness, or death.

A Georgia Business Succession lawyer at our firm can help you create these important documents. Our seasoned attorneys at Nelson Elder Care Law can assist you with identifying your business assets, helping you make decisions concerning the future, and drafting tools that give those plans full legal effect.

What is the Role of a Business Succession Plan in Estate Planning?

Many people do not realize that a person’s business assets are part of their Estate. If you pass away without a Will or your Will does not mention your business holdings, these assets may pass to heirs through the Intestacy statute. According to the Official Code of Georgia § 53-2-1, this distribution depends on whether you have a surviving spouse, children, or both.

One purpose of having a Business Succession plan is to avoid this outcome. A Business Succession plan can function in much the same way as a Will to dictate how you want your company assets to be divided upon your eventual death. At the same time, these documents can provide instructions for the sale or winding down of a company. Our Business Succession attorneys in Georgia can help you better understand how these plans interact with the Probate process and their role in effective Estate Planning.

Common Provisions in Typical Business Succession Plans

One goal of a Business Succession plan is to make provisions for your eventual death. Because these plans can function in much the same way as Wills, they can serve to retain control during the Probate process.

However, you can also create Business Succession plan as a way to transfer control prior to your passing, such as when you eventually retire. Having these plans in place can ensure a smooth transition to new leadership or the sale of the company.

You can also create a Business Succession plan in order to be prepared for an unforeseen circumstance. Accidents, illnesses, and injuries can all jeopardize your ability to remain in control of a company. Our Georgia lawyers at Nelson Elder Care Law can help you create a Business Succession plan that includes provisions for what will happen should you be unable to perform your duties due to an illness or accident.

Allow Our Georgia Business Succession Planning Attorneys to Help

The future of your company depends upon the steps that you take while in a leadership position. This may involve creating a Business Succession plan that takes into consideration your company’s future after you are no longer in control.

Our dedicated team at Nelson Elder Care Law can help you create these plans. Our skilled attorneys can help with identifying your personal stake in a company, choosing heirs to take control after your death or retirement, and making provisions for what will happen should a sudden illness or injury leaves you unable to maintain a leadership position. Contact a Georgia Business Succession lawyer at our firm today to learn more.

Hear From Our Clients

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce