Honoring Business Owners’ Legacies With Estate Planning
Entrepreneurs and business owners work hard to earn a living and establish their legacy. When it comes time to pass down that legacy to loved ones, it is important to know that one’s final wishes will be honored.
Justin R. Davis, a transactional attorney and litigator with more than 20 years of experience, provides comprehensive representation to his clients. Beyond advising business owners and representing them in court, he helps them prepare for the future and preserve their businesses through estate planning. The Law Offices of Justin R. Davis, PLLC, represents clients in the Phoenix area and throughout Arizona.
Keeping Businesses Intact
A detailed, customized estate plan can pass an ownership interest in one or multiple businesses to the owner’s intended heirs after they pass away. Justin Davis listens carefully to his clients’ intentions for their estate. He uses wills, trusts and other legal instruments to carry out those wishes. With proper planning, a family business can be passed to a spouse, children or other relatives with minimal impact from probate court or estate taxes.
Full-Service Estate Planning
Other types of wealth that requires a high-quality estate plan to ensure faster, easier inheritance include:
- Commercial real estate, such as a strip mall, office building or other rental property
- 401(k)s, Roth IRAs and other forms of retirement savings
- Bank accounts
- The family home, vacation homes and other real property
- Antiques, family heirlooms and other personal items
In addition to preserving wealth within his clients’ families, Mr. Davis shows them how to use medical directives and powers of attorney to make sure that future medical treatments and financial decisions are done with the client’s wishes in mind, even if they are incapacitated.