Northern Virginia Wealth Management & Estate Planning for Business Owners

Part of planning for the stability and continuance of your business includes making provision for the future. Rely upon HALE BALL MURPHY, PLC: Business Law Division in northern Virginia areas like Annandale, to address all of your estate planning and administration needs and make sure your affairs are not left intestate.

To speak with a wealth management attorney, contact us today.

Business Succession Plans

• Make sure that your legacy is preserved for generations to come by working with HALE BALL MURPHY, PLC: Business Law Division on a succession plan tailored to you and your business. Together we can examine and value your business and make a plan that is typified by continued stabilization and future expansion.

Wills & Trusts

Wills remain the best way of designating how your estate will be distributed to your heirs in the future. Without a will, decisions regarding distribution are left in the hands of the state. Our estate planning attorneys are experienced at handling estate matters for business owners and others who have accumulated significant assets. You don’t have to have substantial assets to need estate planning, and we are happy to work with you to develop an estate plan for your growing family and growing assets. Using the right form or succession vehicle, whether through wills or trusts, we are happy to meet with you to develop your plan. Speak with an estate lawyer or trust attorney for assistance.

Powers of Attorney

In the event of an unforeseen illness or accident that prevents you from making legal decisions, it is important to have delegated power of attorney to a trusted individual. How much or little scope you give to their legal decision-making ability is your decision. We can help you determine this limit of power to best serve your needs. The power of attorney is the document to take care of your needs, allowing someone to provide for your needs with your assets, including your business.

Living Wills – Advanced Medical Directives

Advanced Medical Directives – Living wills are important for everyone. They announce your wishes in the event a coma or other condition leaves you unable to make decisions. The specificity of a living will is up to you. We can help you determine how you would like to address issues such as analgesia (pain relief), antibiotics, hydration, feeding, and the use of ventilators or cardiopulmonary resuscitation. They also give your appointed person the ability to make regular medical decisions on your behalf, in the event you are no longer able to. A will lawyer can help explain all options and establish a living will.

Estate Administration

Our firm also assists clients with probate and estate and trust administration following the death of a family member. Because of the complexity involved with an estate that includes commercial assets and investments, it is important to secure an attorney with business and estate law experience. If your spouse or parent was a business owner and you are an executor of the estate, contact our firm to speak with a probate lawyer who can help you manage the details during a difficult time.

At HALE BALL MURPHY, PLC: Business Law Division, your priorities really are our priorities. An estate planning lawyer is ready to help you. Contact us today at 1-703-591-4900 to speak with Robert Baumgartner or Scott Pohlman about developing a business succession plan that will ensure the health of your business for generations to come. Let HALE BALL MURPHY, PLC: Business Law Division address all of your business needs. Our attorneys are skilled at handling any type of estate and trust, including non-traditional trusts like resulting and constructive trusts, and even pet trusts.