Family Groups

Families, their businesses, and their trusts require a unique level of care. Family groups are a large and important part of Hein’s work. We have been advising families on taxes and other issues, and offering outside perspective and objective opinions on all aspects of both business and personal wealth, for more than 30 years.

More than any other factor, taxes inform and affect the management of your family business, and are often the largest concern. You might wonder:

• What can I do now in the family business to reduce taxes over the long term?
• Does our business buyout allocate the sales price in the most advantageous way?
• What are our future goals for the business or for establishing a personal legacy?
• How do I best handle estate tax planning, transferring assets, and gifting?

Mixing family with business creates a distinct and complex set of questions, concerns, and dynamics that Hein’s Family Group professionals deeply understand. Our knowledge and experience in estate tax planning, gifting, liquidity, and succession planning can help you balance a wide array of factors to protect and strengthen your wealth, manage risk, and grow your family business or trust, based on your unique circumstances and goals.

Specialized Services and Expertise

• Succession Planning. Create a multi-generation environment that ensures the legacy of your mission and values. A solid plan will address the transfer of responsibility and ownership and extract value for you, as the business owner.
• Estate Planning. Give proper consideration to estate taxes and testamentary documents, as well as the needs and goals of your business and/or family.
• Valuations. Maximize your wealth and preserve assets for future generations with a valuation that is clear about both interests and discounts. This is also the first step in a productive succession plan.
• Negotiations. Maximize the value of a purchase or sale by effectively negotiating the terms. When it comes to family, resolve conflict by discussing differences in opinion and coming to an agreement that all parties feel is fair.
• Cash Flow Management. Ensure liquidity and continuity with proper planning and consideration of all options, including cost reductions.
• Profit Improvement. Increase your bottom line by maximizing your return on capital, as well as optimizing returns on various items.
• Special Projects. Ensure positive outcomes on every project, from analysis of the partnership/operating agreement for your start-up, to buy-outs and stock options plans.