Business Succession Planning Serving Hampton Roads for Over 100 Years

Virginia Beach Business Succession Planning Lawyer

Protecting Virginia &Hampton Roads Business Owners' Investments & Hard-Earned Wealth

At TrustBuilders Law Group, our experienced lawyers know that your business won’t survive without an able owner or manager at the helm.

That is why we are committed to using our extensive resources and knowledge of the law to help clients throughout the greater Virginia Beach area devise comprehensive succession plans so they are prepared for events like:

  • Sudden death
  • Illness
  • Incapacity
  • Retirement

If you don’t want your family and business partners to be left scrambling to find a suitable replacement, then you need to reach out to our firm to get started drafting the legal documents you need to protect your best interests.

If you are a Virginia Beach business owner, don't wait to secure the future of your business affairs. Call us or contact our business succession planning attorneys online today.

What is the Purpose of Succession Planning for Businesses?

The primary purpose of succession planning is to prepare business owners for every eventuality that might impact their operations and investments. You want to make sure that you have a plan in place for not only your heirs but for unexpected occurrences that can greatly impact your business.

Benefits of Business Succession Planning in Virginia Beach

Some benefits of business succession planning include:

  1. Avoiding probate and lengthy legal disputes
  2. Establishing a monetary value for the business
  3. Reducing or eliminating estate taxes
  4. Selecting a business entity suited to your unique needs
  5. Providing for the transfer of business interests to partners
  6. Having a strategy for transfer expenses, taxes, and other expenditures
  7. Determine which parties will operate the business

Although business succession planning can be complicated, with our lawyers in your corner, you can feel confident knowing we will walk you through each phase of the legal process to ensure all of your concerns are addressed.

Draft a Customized Business Succession Plan in Virginia

With our guidance and legal counsel, we come up with a smart strategy for passing on the leadership roles in the company and ensuring the transitions go smoothly.

We can walk you through all the necessary steps for a thorough business succession plan, such as:

  • Selecting a successor
  • Setting goals and objectives for your business
  • Communicating your plan to stakeholders or family members
  • Contingency planning in the event of death or disability
  • Exit strategy and timeline
  • Tax planning
  • Business valuation
  • Retirement and estate plans

Reach out to us today to discuss which legal documents you need for the eventual transfer of your business.

Give us a call today at (757) 500-5135 or contact us online to request your business succession planning consultation with a lawyer at TrustBuilders Law Group.

Visit Our Virginia Beach Law Firm

TrustBuilders Law Group is a family-owned and operated law firm with a talented team of reliable and efficient legal professionals who are committed to helping clients acquire the estate planning tools they need to protect their families and legacies. For more than 35 years, TrustBuilders Law Group has proudly guided clients in all matters involving the accumulation, preservation, and transfer of their wealth. Let us put our skills to work for you today.

To schedule a free case consultation with a legal professional at TrustBuilders Law Group, please give us a call at (757) 500-5135 today.

Committed to Family Values and Lasting Legacies

Learn Why People Have Trusted Our Firm for Decades

Committed to Our Community
  • A Family Name That You Can Trust

    The Buxton Family has been serving greater Hampton Roads in law or medicine for over 100 years. We are a 5th generation family committed to supporting the local community. Let our family legacy help build your family legacy.

  • A Price You Can Afford

    TrustBuilders Law Group takes pride in offering modern estate planning at affordable prices. Our plans are prepared at a competitive, value-based flat-fee so you will never have to worry about hourly rates surprise bills.

  • A Staff With Experience and Credentials

    TrustBuilders Law Group has one of the most experienced legal teams in the area. In addition to over 100 years of combined experience, we are the only firm in Hampton Roads with both a Master of Laws in estate planning and Certified Elder Law Attorney on staff. 

  • A Plan With Your Goals in Mind

    TrustBuilders Law Group specializes in creating custom estate plans that focus on your wealth preservations goals. Unlike many boilerplates seen in the marketplace, our documents are state specific, tailored to your needs and contain cutting-edge solutions.

Client Reviews

The Stories That Matter
    TrustBuilders is the firm to do it right.

    “We recently had our trust developed with the TrustBuilders Law Group. WOW! What a wonderful experience. They are an extremely professional group. What I appreciated the most was their guidance and ...”

    - Larry
    Friendly staff with expertise in many areas. Highly recommend!

    “Our family has been working with TrustBuilders Law Group for many years. We take great comfort in knowing our estate planning is in expert hands. They are always knowledgeable regarding any changes ...”

    - Katherine Horner
    They take the time to assess your family's needs and customize a plan right for you.

    “Very knowledgeable and friendly. Attorney Buxton and Carlos are great. They take the time to assess your family's needs and customize a plan right for you. They welcome all questions and make sure you ...”

    - Carolyn E. Blakeney
    Three visits and it was all done!

    “I set up a will, trust, and medical directive. Three visits and it was all done. Effective and at reasonable fees.”

    - Glen Braden
    Wake, you are an "encyclopedia" of estate planning information!

    “Just returned from an excellent session held at the Smithfield Station Conference Center in Smithfield, VA. Presented by Wake (who was assisted by Carlos) the information was presented clearly and ...”

    - Sandra Spivey

Schedule Your Consultation With Us Today

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