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Only about 30% of closely held businesses survive into the second generation, 12% are still viable into the third generation, and only about 3% operate into the fourth generation. Research indicates that family business failures can essentially be traced to lack of business succession planning.

Planning the succession of closely held businesses is a critical challenge. When done properly it can create a multi-generational institution that embodies the founders’ mission and values. We help our clients address these issues.

Quantum advises in all aspects of estate and business planning. Our clients include entrepreneurs, Fortune 500 executives, professionals, and other high-net-worth individuals.

We act as the “family business advisors” in collaboration with our clients’ accountants, attorneys, and other professionals. We tailor the most appropriate and tax-effective plan for asset management, business succession planning, and the transition of wealth to subsequent generations. We do not draft any documents, but act as the quarterback by coordinating with our clients and their advisors in all aspects of their estate planning. This includes individual and business tax matters, choice of business entity, business succession planning, family law issues (including pre- and postnuptial agreements and estate and gift tax consequences of proposed divorce settlements), retirement benefit planning, insurance, and real estate issues. We employ all the appropriate estate and business planning tools for our clients which include:

  • Revocable living trusts, irrevocable life insurance trusts, dynasty trusts, and asset protection trusts
  • Qualified Personal Residence Trusts (QPRTs)
  • Grantor-Retained Annuity Trusts and Unitrusts (GRATs and GRUTS)
  • Intentionally Defective Grantor Trusts (IDGTs)
  • Charitable trusts
  • Creation of family limited partnerships and limited liability companies
  • Buy-sell, employment, deferred compensation, and stock-bonus agreements
  • Planning with life insurance, including life settlements and premium financing

In addition to the sophisticated tax aspects of estate planning and centralized management of assets, we organize all of the clients documents, policies, investments, and savings accounts on a secured virtual vault.

THE QUANTUM BUSINESS SUCCESSION AND ESTATE PLANNING PROCESS DELIVERS RESULTS

In the realm of Quantum Physics, observing something actually influences the process taking place. Quantum is the understanding of how key parts of matter interact. The same holds true in Personal and Business Planning.

At Quantum, we foster collaboration between our Internal Practice groups, strategists, and your key advisors to deliver a comprehensive solution to meet your objectives.

Successful owners of closely held companies and family businesses have a series of unique issues if not handled effectively can place a tremendous burden on all of the stakeholders.

We specialize in helping the ownership identify and groom successors either internal or external and create a capital structure that minimizes both income and estate taxes.

We begin by helping you crystallize your long-term objectives by sharing our insights and knowledge to identify specific shorter-term strategies that will help you achieve your goals.

Then, we perform a comprehensive analysis of your current plan by reviewing management team, assets, legal documents, and effectiveness of your current plan vs. your stated objectives. Although most people have completed some planning, we find many can either make small adjustments or, in some cases, major revisions to their plan to maximize the effectiveness and bring it in line with their stated objectives.

Once we get the full picture of where you are and where you want to be, we will present various strategies that will help you in the planning process and – most importantly – we will coordinate with your accountant and attorney to implement your plan.

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