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Massachusetts Business Succession Planning


Serving Business Owners in Leominster, Fitchburg, Gardner and the Surrounding Massachusetts Towns and Cities

The lawyers at Gelinas & Ward are highly experienced with helping individuals and businesses structure business succession plans.

Small businesses, whether owned by family members or a small group of partners, should protect the business from unanticipated, disruptive consequences. The attorneys at Gelinas & Ward can assist you and your business explore and structure appropriate succession plans.

Often, succession planning entails life and disability insurance agreements to provide the needed liquidity after a business owner's or partner's incapacity or death. Our succession planning strategies take into consideration the following:

  • State and federal income tax minimization
  • Shareholder agreements and funding mechanisms for these agreements
  • Structuring sales and gifts of business interests
  • Deferred compensation arrangements
  • Gift planning for business interests, including valuation discounts
  • Key man / woman insurance
  • Split dollar agreements
  • Qualified Family Owned Business Interest estate tax deduction
  • Stock redemption to pay estate taxes
  • Deferral of estate taxes on closely held businesses
 

AV® Preeminent™ and BV® Distinguished™ are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.

Gelinas & Ward, LLP serves families, individuals and businesses in the Leominster, Massachusetts area. They specialize in all-inclusive estate planning services for both you and your business. They also provide extensive planning through Elder Law services, wills and trusts, powers of attorney, long-term care planning, special needs planning, probate and estate administration, trust administration, guardianships and conservatorships, business succession planning, real estate transactions, and business mergers and acquisitions. Their offices are located in Leominster, but they serve clients all throughout North Central Massachusetts, including Fitchburg, Gardner, Worcester, Lunenburg, Sterling, Worcester County, and the surrounding cities and towns.

Gelinas & Ward, LLP

106 Merriam Avenue
Leominster, MA 01453

365 Main St
Worcester, MA 01608

978-537-2200
info@gelinasestateplanning.com
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