Louisiana Probate Attorney
Business Estate Planning and Succession
Baton Rouge business succession attorney Jennifer Treadway Morris has provided effective legal advice to businesses from Greater Baton Rouge to Greater New Orleans and the North Shore since her admission to the Louisiana Bar in 1994.
Every business owner wants to ensure that the business can remain successful when he or she leaves or passes away. With proper succession planning now, business owners can ensure that their beloved family companies will smoothly transfer to their selected heir or successor.
Transferring your business assets and property to the next generation does not have to be complicated or overly complex. Since 1994, I have helped business owners convey their intentions for business succession through estate planning tools and documents such as wills, trusts, and family limited partnerships. I can assist you in carefully passing control and management of your business on to the next generation.
Probate and Business Succession
If a business owner passes away, the business will go through probate as part of that person's estate. When proper business succession planning is not in place, the court may need to appoint an administrator to manage the business during the probate process. Without a manager in place, the business may not remain viable during probate. Furthermore, if the business is dissolving upon a sole proprietor's death, the business will be valued and distributed with the rest of the estate.
The probate process emphasizes how important it is for a business owner to develop a succession plan. By detailing what you want to happen to your business now, you can ensure that your business is protected through the probate process.
Contact an Experienced Louisiana Business Succession and Probate Attorney
I am happy to discuss business succession planning with you during an initial consultation. From my offices in Baton Rouge, I provide estate planning and business law services to clients throughout Louisiana. Contact my law office to begin the process of protecting your business' and family's future.
