Small business owners and family business trusts with proper estate planning can achieve significant estate tax advantages. Such estate planning is also critical for a family business or small business because without an estate plan and business succession plan, your family business may deteriorate or dissolve due to unclear ownership, absent leadership or undue tax burdens.  Richard David Lom can help you achieve your lifetime estate planning goals through (1) asset protection, (2) detailed business planning, and (3) estate tax mitigation.

Be certain that your family, or loved ones, has the power to take care of you in the event that an accident or medical condition results in mental incapacity. With a durable power of attorney, your trusted representative can handle your property and finances and can better provide for your living situation. With a medical directive, you can make sure your health care treatment reflects your values, beliefs and wishes. An advance physician directive can also benefit your family because it addresses some of the most difficult medical decisions and takes the burden off of their shoulders.