Piché Handford LLP's involvement in succession planning is typically related to business re-organizations and/or trust implementation, usually at the direction of the client's accountants. We can also assist in drafting of wills, though we often work with other professionals specializing in such matters in order to ensure that our clients receive the best advice possible. We are glad to work with other professionals in order to combine will drafting and related estate planning with our corporate succession planning and implementation advice and services.
The current economy is particularly appropriate for tax-driven succession planning: the fact that both land and businesses are currently experiencing lower valuations than in the past provides an opportunity to pass value onto future generations in a particularly tax-efficient manner. This is an issue that you should discuss with your accountants; if your accountants are not versed in tax-driven succession or reorganization planning, we can provide referrals to accountants who can assist on a transaction-specific basis, allowing you to implement such a plan without having to change the accountants with whom you deal regularly.
