Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Formulating an estate plan with business succession in New York

Those who have a business in New York need to make certain that their estate plan addresses it. This is similar in importance to the various personal assets that will come to the forefront in these situations. Often, it is more important. The last thing a person who has worked on a business wants is for there to be issues regarding its maintenance after he or she is gone. Transferring a business to heirs can be complex, but it is frequently a significant goal when crafting strategies to simultaneously protect a business and those who are inheriting it. Legal assistance is an imperative in a business transition.

With small business owners, having a grasp on how to maximize its value when transferring it to the heirs or to another buyer is not something to be glossed over. Some will view this financially and treat it as a sheer business transaction. Others will view it as a family-oriented entity and try to keep it as such with the business staying within the family rather than becoming something other than what the founders and stewards wanted.

There are numerous issues that will come up in these circumstances. These include agreements for purchase and sale; the passing of the business interests to other parties through complicated estate planning; merging with another company; and crafting policies designed to mitigate potential losses. For those who have spent their lives building a business and have a desire to protect it and their family, knowing the intricacies of an estate plan related to a business is paramount.

When there is a business to consider, asset distribution and other facets of the business are all key factors when planning for when the primary owner or operator is no longer there. Having help from a legal professional who is experienced in businesses and the estate planning that comes along with it will help with a comprehensive series of strategies to achieve the stated goals. This is why it is wise to contact an attorney to discuss the matter.

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: