Estate & Business Planning

Business Estate Planning Lawyers

Washington, D.C. • Annapolis • Baltimore • Northern Virginia

The growing list of McNamee Hosea business and commercial law clients know our firm as their home for timely, astute counsel on matters such as integrated business succession, estate planning, long-range business planning, and exit strategies.

Our estate-planning practice ably employs a broad range of useful instruments: from revocable living trusts, by-pass and insurance trusts, to a wide array of value-leveraging techniques. Our firm's skillful business planners focus keenly on succession plans that specify ownership and control.

Our Full Complement of Services

The McNamee Hosea menu of business estate-planning strengths speaks to our versatility. Relevant examples include:

• Assistance with probate
• Preparation of estate tax returns
• Fiduciary income tax returns
• Maintenance of asset accounts
• Estate planning
• Estate administration
• Trust administration
• Wills
• Powers of attorney

In many ways, business estate planning differs very little from estate planning at the personal and family levels. Just as you've invested time, energy, and emotions in your family and circle of loved ones, you've also sacrificed to grow your business. The intelligent priority: make sure that everything you've built professionally will continue to grow and thrive beyond the deaths of you or your partners.

Liquidity Problems?

We suspect that the bulk of your financial resources are probably heavily invested in your company. Sending generous amounts of capital back into it can definitely help finance growth, but it can also trigger a serious obstacle to the liquidity of your estate upon your passing. Your survivors may wind up with a mountain of post-probate, post-estate tax liabilities that became due at the time of your death, in addition to a likely business earnings drop-off due to your absence.

At McNamee Hosea, we have ways to help you confront these complexities. A number of methods can help ease the burden of estate taxes and best utilize your available cash. Among these devices for your business are Section 303 stock redemptions, buy-sell agreements, and Section 6166 estate tax deferrals. A qualified family-owned business exclusion could also be put to good use. Any of these strategies could be financed with business-owned life insurance.

We Make It Our Business …

… to know your business. Now you have some idea why and how, given the example above. This is how successful business law firms become forces to be reckoned with in their chosen territories, and how a twenty-five-year record of success has made us "the business owner's law firm."

Call McNamee Hosea

And do it today if the estate and business planning you've put off for too long won't wait any longer. Whether your company is large or small, new or established, you can benefit from our twenty-five-years of experience and leadership in the Maryland, Virginia, and Metro D.C. areas. We make it our business to know your business. Call, fax, or e-mail our Annapolis or Greenbelt offices to set up your initial consultation.

Estate & Business Planning Attorneys:

Stephen C. Hosea
Milton D. Jernigan, II
Esther A. Streete