Business Estate Planning

Although many business owners put a succession plan in place for their business as they approach retirement, it is essential at any age to protect your business and your family by ensuring that your estate plan deals with the possibility of death or incapacity. Having such a plan in place can help your family manage in a difficult time and preserve the value you have worked to build in your business. Additionally, if your business is held through a private corporation, The Miller Law Group can prepare a corporate properties Will which can save your estate thousands of dollars in probate tax, as well as ensure that the corporation can be administered by your executor in a simple and timely fashion avoiding the delays of the probate process.

Business Succession Planning 

The Miller Law Group is able to assist in your lifetime business succession planning. We have developed expertise in the implementation of estate freezes, holding company structures, creditor-proofing arrangements, long-term agreements of purchase and sale, asset and share purchase and sale transactions, and tax reorganizations such as preserving the lifetime capital gains exemption which may be available on the sale of shares of a qualifying Canadian small business corporation. We have a wealth of experience in helping clients develop shareholders’ agreements with life insurance-funded buyout provisions to ensure that funding is available to a surviving partner to fund the buyout of a deceased shareholder’s estate in the event of death.

We will work closely with your accountants, financial, insurance, and tax advisors to develop a succession plan for your business that results in the best outcome for you and your company. Our extensive experience assisting estate trustees with administering corporate assets, implementing shareholder buyout provisions, and other corporate estate transfer and succession issues will be a valuable tool for your plan.