Topeka Estate Planning Attorneys
Founded in Topeka in 1949, Coffman, DeFries & Nothern, P.A. has helped generations of Kansas families draft strategic estate plans that protect family assets and transfer wealth from one generation to the next.
Northeast Kansas Wills and Trusts Lawyers
No matter what your goals – protecting minor children or preserving wealth – the estate planning lawyers of Coffman, DeFries & Nothern, P.A. have the experience and knowledge necessary to ensure your final wishes are met.
CDN's strategic estate plans help clients divide assets, take advantage of Medicaid planning strategies, protect family legacies and provide for disabled adult children. By drafting clear, concise estate plans, CDN reduces the chance of future will contests and probate litigation.
Coffman, DeFries & Nothern, P.A. also represents clients acting as estate executors and trustees. CDN guides its clients through the entire probate and trust administration process to ensure clients are fulfilling their duties as executors and trustees.
From the end of one generation to the birth of the next, CDN's attorneys help families preserve legacies and provide tax-efficient transfers of wealth.
Helping Business Owners Plan What's Next
For more than 60 years, Coffman, DeFries & Nothern, P.A. has helped Kansas business owners create strategic business succession plans that achieve their vision for the future.
Depending on the unique goals of each individual client, CDN's business succession lawyers help their clients create plans that seamlessly hand off their businesses to the next generation, draft installment agreements and sell business interests to outside successors, or negotiate buy-sell agreements to sell the business outright.
Contact the Topeka estate planning lawyers of Coffman, DeFries & Nothern, P.A. at 785-234-3461.
Topeka Business Succession Planning Attorneys
Based in Topeka, Coffman, DeFries & Nothern, P.A. has more than 60 years of experience helping Kansas business owners plan for retirement and create succession plans that preserve their businesses for future generations.
CDN: helping clients pass family legacies from one generation to the next.
Northeast Kansas Family Business Succession Planning Lawyers
Coffman, DeFries & Nothern, P.A. helps clients develop strategic succession plans that name successors, provide necessary training, and set timetables for the transfer of certain duties and business interests.
CDN takes the time to understand its clients' goals – and fears – regarding the future of their business. Some clients want to ensure family-owned businesses stay in the family while other clients prefer to bring in outside successors to take over the business once they are gone. Others choose to liquidate their businesses and live off proceeds for the remainder of their lives or place the proceeds in trusts to care for their families after they are gone.
Based on each client's unique goals, CDN's attorneys select from a variety of succession planning tools to create a strategic succession plan to effect its client's wishes.
Helping Clients Strategically Transfer Their Kansas Businesses
Whether you choose to hand your business off to the next generation or liquidate the business and live off the proceeds, each method brings its own set of unique tax implications to consider.
CDN's attorneys have in-depth knowledge of state and federal tax law. Using this knowledge, CDN creates strategic business succession plans that provide for clients during retirement and save tax dollars.
Tools such as buy-sell agreements, installment plans, private annuities, self-canceling installment notes, family limited partnerships and grantor-retained annuity trusts are all methods used by CDN to achieve its clients' business succession goals in the most tax-efficient manner possible.
Family-owned businesses – such as farms and ranches, oil and gas interests, and royalty interests – have extra succession planning issues to consider. Because familial relationships are at stake, succession plans must address additional inheritance fairness issues. Whether children take over the family business or choose to carve their own path, Coffman, DeFries & Nothern, P.A. develops comprehensive estate plans that ensure all children are treated fairly.
Contact the Topeka business succession planning lawyers of Coffman, DeFries & Nothern, P.A. at 785-234-3461 to create a business succession plan that works for you.