Dear Business Owner,

You’ve poured your heart and soul into building your business. You’ve navigated challenges, seized opportunities, and turned your hard work into something valuable—something that supports your family and provides a sense of pride and accomplishment. But there’s a looming threat that could undo everything you’ve worked for: estate taxes. Without the right planning, a significant portion of your business could be lost to the IRS, leaving your loved ones with less than you intended.

What’s at Risk?

Let me paint a picture for you. You’ve spent years growing your business, investing in its future, and making it successful. But when the time comes to pass it on to your heirs, the government steps in. Estate taxes, sometimes called “death taxes,” can take a huge chunk of what you’ve built—up to 40% of your business’s value. Imagine your family, already dealing with the loss of a loved one, being forced to sell off assets, lay off employees, or even shutter the business just to pay the tax bill. It’s a scenario that plays out far too often, and it’s completely avoidable.

Without proper planning, your business could be left in a vulnerable position. Your heirs might have to scramble to find the funds to cover these taxes, or worse, they might be forced to sell the business at a fraction of its value to settle the debt. The legacy you’ve worked so hard to create could be diminished or even destroyed, leaving your family with far less than you intended.

The Reality of Estate Taxes

The truth is, estate taxes are a real and significant threat to your business’s future. They don’t just affect the ultra-wealthy—they can impact any business owner who hasn’t taken steps to minimize them. And once they’re triggered, there’s no turning back. The IRS doesn’t care about your family’s needs or your business’s survival. They only care about getting their share.

The problem is that many business owners don’t even realize the risk until it’s too late. They think their business is safe, that they’ve done everything right, only to find out that they’ve left a ticking time bomb for their heirs. But it doesn’t have to be this way. With the right planning, you can protect your business and your family from the devastating effects of estate taxes.

The Solution: Strategic Estate Planning

This is where Bascom Law comes in. We help business owners like you protect their hard-earned assets from unnecessary taxes. The key to minimizing estate taxes is strategic planning—planning that takes into account your specific situation, your business’s structure, and your long-term goals.

At Bascom Law, we start by understanding your business and your vision for its future. We counsel you through the process. We look at the practical implications of each decision and guide you in making choices that protect your business from excessive taxation.

Here’s How We Help You Keep What You’ve Earned

First, we explore options for gifting business interests during your lifetime. This can reduce the value of your estate and lower the potential tax burden. We also look at setting up trusts, such as irrevocable life insurance trusts, which can provide liquidity to pay estate taxes without dipping into your business’s assets. These strategies allow you to transfer wealth to your heirs while minimizing the impact of taxes.

Finally, we put it all in writing—clear, legally binding documents that ensure your plan is carried out as intended. We don’t stop there. We keep in touch, regularly reviewing your plan to make sure it stays aligned with your goals and adapts to any changes in the law or your business.

Don’t Let Taxes Destroy Your Legacy

You’ve worked too hard to let estate taxes strip away what you’ve built. The time to act is now. Don’t wait until it’s too late to protect your business from this hidden threat. At Bascom Law, we’re here to help you create a plan that minimizes estate taxes, preserves your wealth, and ensures your business continues to thrive for generations to come.

Call my office today at 770-285-5493 to schedule a consultation. Let’s sit down together and start planning for the future of your business. Your legacy deserves the best protection, and at Bascom Law, that’s exactly what we offer.

Sincerely,

Mike Bascom
Bascom Law, PC
Estate Planning & Elder Law