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Call 502-309-2512

Obi Law Group
  • Home
  • Legal Services
    • Business Law
    • Trademark & Copyrights
    • Estates: Wills & Trusts
  • Coaching/Consulting
    • Heartland Counsel
    • OLG Legal Coach
    • Schedule Coaching Call
  • Team
  • Clients
    • Access Your Client Portal
    • Schedule Your Appointment
    • OLG Forms
  • Other Practice Areas
    • Personal Injury/Civil
    • Criminal Defense
  • Contact Us
  • OLG Blog

Estate Planning and Asset Protection for Business Owners

At the Obi Law Group we advise businesses, professionals, and families in estate planning and asset protection strategies that help our clients build enduring legacies. We have a particular focus on estate planning for family businesses and business succession planning. 

Call Us Today to Schedule Your Consultation

We Help You Protect What Matters Most

At the Obi Law Group, we believe business ownership is one of the most important ways to build generational wealth for families and their communities. Estate planning is critical for everyone, especially business owners and professionals. Business owners should always make proper asset protection and legacy planning strategies a priority.  Through the right combination of wills, trusts, business entities and advance directives, The attorneys at the Obi Law Group can craft a comprehensive estate plan that meets your present and future needs and leaves a lasting legacy for future generations. Below is a snapshot of our representative services.


  • Wills & Trusts
  • Buy-Sell Agreements
  • Business Succession Plan
  • Asset Protection
  • Power of Attorney
  • Probate


Our Kentucky Estate Planning Attorneys Will Draft Your Will Preserve Your Legacy


Every estate plan should have a will at its foundation. Through this document, we help you name an executor for your estate, appoint a guardian for any minor children you may have, and make specific gifts of your personal property to family members, friends and charities as you see fit. If you are transferring most of your property through a revocable living trust, we make sure and include a “pour-over” provision in your will so that any property which may have been overlooked or acquired later will be transferred to the appropriate trust and delivered to your intended beneficiaries.


Our Attorneys Establish Revocable Living Trusts to Help You Avoid Probate While Meeting Your Goals. 


Trusts are popular vehicles for transferring property outside of probate, which means your assets are transferred to your beneficiaries faster and with less expense then the traditional process of estate administration. Another advantage of the trust is that it is a private document, so nobody knows the contents of your estate or how you are distributing it unless you decide to tell them. In general, trusts are harder to challenge or contest than wills, as well. We can help you establish and fund revocable living trusts, as well as other types of trusts to address special needs of minor or adult children, or to achieve significant tax savings for you, your heirs and beneficiaries.


Business Succession Planning


A proper business succession plan is a document that’s used to outline who will take over the business in  your absence, incapacity or death. When building out your long-term risk management and business strategies, there are a number of scenarios to consider when creating a succession plan.


First, ask yourself who would run the  business if something happened and you became incapacitated. If you’re  in a serious car accident, for example, would a business partner or family member be able to step in to keep things running?


Second, consider what will happen to the business if you decide to retire. Depending on how the business has been structured, you could do any of the following:


  • Pass the business on to another family member
  • Sell your ownership share to your partner(s), or investors
  • Sell the business to a third-party buyer
  • Close it down/wind it up


Finally, think about the planning necessary in the event you pass away. In that situation, the options may be similar to those for your retirement planning.


A solid business succession plan should cover all three so that there’s no confusion about what happens  to the business if you’re not there to run it. It should also include  contingencies for helping employees make the transition and training  your successors in how the business is run, if necessary.


Call the Obi Law Group at 502-309-2512 and let us help you build and protect your legacy.

Schedule Your Estate Planning Consultation

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Serving Estate Planning and Asset Protection Clients throughout the Commonwealth of Kentucky

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Obi Law Group, PLLC

Fernandez & Haynes PLLC, 401 W Main St, Louisville, Kentucky 40202, United States

Call us at: (502) 309-2512 (Office) Email: admin@obilawgroup.com

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09:00 am – 05:00 pm


Copyright © 2023 Obi Law Group, PLLC - All Rights Reserved.


 This is an advertisement. The information you obtain at this site is not, nor is it intended to  be, legal advice. You should consult an attorney for advice regarding  your individual situation. We invite you to contact us and welcome your  calls, letters and electronic mail. Contacting us does not create an  attorney-client relationship. Please do not send any confidential  information to us until such time as an attorney-client relationship has  been established. 

  • Home
  • Business Law
  • Trademark & Copyrights
  • Estates: Wills & Trusts
  • Heartland Counsel
  • OLG Legal Coach
  • Team
  • Access Your Client Portal
  • Schedule Your Appointment
  • OLG Forms
  • Personal Injury/Civil
  • Contact Us
  • OLG Blog

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