Succession Planning


Succession Planning Attorney in Monument, CO

Succession Planning Services in Colorado Springs & the Surrounding Areas

Do you have an effective transfer and exit plan ready for your business? That’s where Mason Law & Planning Group comes in. We can help you craft an extensive succession plan that helps you effectively transition business ownership when you’re ready to enjoy retirement or if you unexpectedly need to due to unforeseen circumstances. Whether you want to pass the business on to the next generation as part of an estate plan or sell it to an outside buyer, we can help you structure the transfer, understand its potential tax implications, and ensure compliance with legal requirements. 

Contact our office today if you’re ready to meet with one of our Monument succession planning attorneys. We accept clients from throughout the wider Colorado Springs area.

Client Reviews
  • A wonderful and professional office!

    Anna is very knowledgeable and attentive when it comes to going over documents. You can see that she loves her job and puts her all in to it!

    - Marquez R.
  • We especially like the annual revisiting of our plan

    We were impressed by the knowledge of everybody in the office, and their willingness to help us not only understand our estate plan, but to assist us in making it work the way we need it to.

    - Kelly B.
  • We made a very thorough review of my trust, and all my questions were answered.

    Some slight changes were necessary, and they're preparing them and have already set up a date for another review in a week.

    - Terrell N.

What Is Succession Planning?

Succession planning is an important business strategy that owners and decision makers use to ensure continuity and stability in their leadership. It involves developing an action plan that enables individuals to take over key positions within the organization when needed. This process helps ensure that the company has qualified personnel ready to take on leadership roles, allowing for smooth transitions and continued success.

When clients come to us for succession planning, our lawyers carefully walk them through the necessary legal steps for transferring ownership or management of a business. We inform them of their rights under state and federal laws and help them understand the ways these regulations might affect their initial plans. Our team drafts all necessary legal documents, including wills and complex trust arrangements, to ensure that our clients’ business assets are transferred according to their explicit wishes. Additionally, we advise business owners on the tax implications associated with their succession strategies, so that they are fully aware of any potential tax liabilities (in addition to legal liabilities) before making final decisions about succession. 

In addition to providing legal advice, our Monument succession planning lawyers counsel clients on more practical matters, including negotiations between family members or stakeholders who might be involved in the transition process. We also give them legal advice so they can make informed decisions on how best to handle these discussions and mitigate any disputes between involved parties. 

Let Our Monument Succession Planning Attorneys Guide You Through Your Business Transition

If you’re visiting this page, then you’ve already started thinking about business succession. That’s the first and one of the most important steps. Far too often, we’ve seen unfortunate situations occur due to the lack of having a plan in place. We don’t want this to happen to you. Our goal is to make succession a relatively stress-free process. Our experienced lawyers will work with you one-on-one to understand your goals and personally guide you through the complexities of making them a reality. From drafting legal documentation and advising you on tax implications to identifying key positions and mitigating potential conflicts, we are here to help you prepare for this transitionary period. 

Give us a call today at (719) 292-1888 or message us online to discuss your situation with our Monument succession planning lawyers. 

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