Estate Planning & Business Succession Planning

Estate Planning & Business Succession Planning

At Baratz & Associates, PA, we understand the nuances and sensitivities involved in estate planning and business succession planning. With the merger of RKG, we now have an attorney-CPA on staff to assistant in documents and estates in Pennsylvania.

We provide extensive personal services for estate planning and will coordinate with your attorney and financial advisors to ensure comprehensive planning. We are affiliated with CORA Capital Advisors, a financial planning firm with decades of experience in helping both individuals and companies manage finances, benefits, investments and insurance.

If you own a family business, retirement isn’t simply a matter of deciding not to go into the office anymore. You’ve got some critical questions to answer like…

“What happens to the business when you’re no longer running it?” and

“Will you have enough money to retire?”

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.

Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord – or both.

Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.

We help you with these key issues –

  • Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
  • Who’s going to run the business when you’re gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they’re actively involved in the business or not.
  • Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.
  • Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.

What we do for you…

Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues…

  1. Business Valuation
  2. Business Restructuring
  3. Tax Consequences
  4. Retirement Projections
  5. Tax Projections
Let us help you pass on what’s taken a lifetime to build by requesting a consultation with both Baratz & Associates, PA and CORA Capital Advisors.

The firm’s Estate Planning services and Business Succession planning include:
  • Tax planning
  • Fiduciary accounting
  • Trust administration
  • Wealth transfer
  • Preparation of trust and estate tax returns
  • Preparation of private foundation tax returns
  • Preparation of charitable trust tax returns

For more information on our Estate Planning and Business Succession, contact us or visit

From our client’s point of view

  • I have worked with Robin Kramer & Green for over 50 years, using their advice for both my professional and personal needs. Their advice is always spot-on and they have a way of explaining things in a way that is both soft-spoken and well-guided.
    Retired physician