Family Business/Business Succession

More than 80 percent of businesses in the United States today are family-owned. Unfortunately, only 30 percent of those businesses survive to the next generation. To effectively protect your family business and keep it within your family for generations to come, you should consult an experienced business succession planning attorney for advice and guidance.

At Hegwood Law Group, we help individuals, families and business owners throughout Texas plan for their future. Our attorneys know how important it is to protect and preserve your family business and legacy. We will provide you with the legal guidance and support you need as we work to develop a strategy for the successful transfer of your family business.

How We Can Help

There are many reasons why businesses fail. A small percentage of family businesses fail due to the inability of heirs to manage the day-to-day affairs. However, the majority of family-owned businesses fail due to how successor family members interact or fail to interact.

Fortunately, these issues can be addressed before they become major problems. A solid estate plan can work as a safeguard for all of your concerns. Our skilled lawyers will work to address the following important questions:

How can I make sure my business goes to the people I want, when I want?

Is my business at risk if I get sued?

Are my home and other assets at risk if my business gets sued?

Who will manage my business if I become disabled or die?

How do we stop my business from being sold?

Dynasty Trust Attorney

At Hegwood Law Group, we take a counseling approach to our business succession cases. We believe that through careful planning and informative education, we can obtain the best possible outcome for our clients. Through dynasty trusts, long-term care insurance, succession planning or other estate planning tools, we will do everything we can to ensure you get the information you need and that your goals for the future are met.

We are here to help you and your family prepare for your business’s future. Contact us to schedule an appointment to speak with one of our Houston business succession planning attorneys to learn more about the services and strategies we can provide.

For more information or to schedule an appointment, call (281) 218-0880.