Tax, Estate & Business Planning

You might be ready to retire or have family members or employees ready to follow in your footsteps, or have an offer too good to refuse. Whatever your motivation or timetable, it's time to prepare an exit strategy for you, your family and your business. Our attorneys at Cowden & Humphrey Co. LPA can help you and your business with a full range of comprehensive estate and succession planning services.

Estate Planning With Your Business In Mind

Business is never more personal than when you relinquish control, which is why a successful succession plan takes more than well-crafted legal documents. It requires insight into the business and personal issues for all the parties to the transaction, whether they are employees, vendors, customers or family members.

Potential Issues With Family-Owned Entities

In particular, family-owned enterprises call for careful resolution of the potentially divisive issues between family members active in the business and those with no interest in ever running the business that mom or dad built. Our attorneys know how to deal with these issues in a sensitive manner.

Additionally, it is vital that a comprehensive solution be created, as the consequences of a hasty, crisis-driven plan can lead to damaging tax repercussions that can affect the long-term health and viability of that business.

You Want This Done Right

Getting it right creates security for the seller and possibilities for the new owner. Getting it wrong? It means you still can't relax. Make a plan — and put experience, empathy and insight working for you.

Our lawyers are here to work with and guide you in these areas:

  • Business succession planning
  • Estate planning
  • Powers of attorney
  • Probate, estate and trust administration
  • Tax and tax planning strategies
  • Life insurance, annuity, arbitrage and longevity planning
  • Wealth management

Contact Us

We serve clients throughout Ohio and nationwide. To discuss your business and your estate plan with one of our attorneys, call our Cleveland office at 216-241-2880.