When a business owner dies, there is immediate heartbreak for the family and concerns for the business. Our Sioux Falls business lawyers work with our business owner clients proactively to develop good estate planning and business planning to ensure there isn’t chaos for the family and their business. Good planning allows the business owner to cheat death for their business so their business doesn’t die. Unfortunately, all too often business owners die without a plan in place. Whether you had a plan in place and now need to execute it or if there was no plan in place, we can help. Once a business owner passes away, probate, estate or trust administration will need to occur, along with putting into play contingency planning or business succession or transition planning to continue on the business, or in some situations, windup the business if the business will no longer continue on. We will help you maximize the value you are able to receive or retain, make sure things are done right, and make sure you feel like you have someone to hold your hand and guide you through this process efficiently and effectively.
Our South Dakota probate and trust administration attorneys, working in conjunction with our business attorneys, will help you navigate. The loss of a business owner often has powerful ramifications for the business itself. Often we will see business organizations that lose a business owner want to sell, need to fast-track a business succession plan, or minimize risk of potential fights from heirs in a family business. Our Sioux Falls law firm helps clients in Iowa, Minnesota, Nebraska and North Dakota as well. We can help keep business operations running, get you through a probate, navigate tax law, and we will work hard to make it as easy as possible on you while you are coping with the loss of a loved one.
