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Business Planning and Estate Planning

HOW DOES BUSINESS PLANNING AND ESTATE PLANNING GO TOGETHER?

Sean Robertson and Gateville Law Firm concentrate in the areas of estate planning, revocable living trust, real estate asset protection, and business planning for professionals and successful business owners.  Successful couples have estate planning, real estate asset protection, and business planning issues combined together.

WHAT IS A BUSINESS PLANNING LAWYER?

Simply put, a business planning lawyer is a lawyer that concentrates in planning for successful businesspeople, which is a combination of tax planning, business entity and asset protection planning, real estate preservation planning, and estate planning.  Successful couples typically own a primary residence and may own vacation, investment, and/or rental property. A business planning attorney addresses these realities and develops a business and estate plan combined together typically involving a combination of Revocable Living Trust, Limited Liability Corporations or otherwise known as LLCs, Private Land Trust, and possibly asset protection legal services designed to shelter substantial liquid investments and best structure life insurance assets distributed upon death.

Sean Robertson has over 15 years of legal experience as an asset protection, business planning, and estate planning attorney.  Sean Robertson graduated from DePaul University College of Law and University of Illinois at Urbana-Champaign. Sean Robertson has multi-faceted experience ranging from civil and commercial litigation, breach of contract, post-judgment litigation experience, and divorce and family law experience, which is unique for a business and estate planning attorney.  Sean Robertson now concentrates solely in estate planning, business planning, and real estate law.  

Over the years, Sean Robertson has learned several things.  One of the first lessons is the importance of properly structuring one’s assets.  The Great Recession destroyed a lot of families especially former millionaires which failed to invest in proper estate and asset protection planning.  For example, I had many clients that owned multiple real estate properties and lost them all because foreclosure and breach of contract lawsuits threatened the peril of all the real estate properties.  We are likely headed towards another big recession at some point and these past lessons should be learned and not ignored. Sean Robertson and Gateville Law Firm can assist you and your family structure your business interests, real estate property ownership, and estate plan in a manner that is cost-effective and protects your hard-earned assets and work.

HOW DOES ESTATE PLANNING RELATE TO BUSINESS PLANNING?

An effective estate plan should be coupled with a business plan that re-structures a person or family’s assets in a manner that protects assets and creates a smooth transition upon death.  Lately, I have witnessed family, friends, and clients struggling with health issues, which has showed how valuable life is and can be. Life is not guaranteed and you never know when a major illness such as cancer, heart attack, heart disease, and/or other issues may affect you and your family.  Most real estate owners have their investment property in their personal or husband and wives’ names, which is placing their family’s economic future in a risky position. One lawsuit or creditor problem can threaten a family and a person’s whole life of hard work and smart investments. A well-positioned estate plan will utilize Revocable Living Trust(s), Powers of Attorneys for Healthcare and Finances, and other strategies to place ownership of assets in a manner which minimizes family conflicts and protects hard-earned wealth.

WHAT IS A REVOCABLE LIVING TRUST?

A Revocable Living Trust is an estate planning technique that is designed to avoid probate court and pass your assets upon your death in a smooth and conflict free manner.  The benefit of a Revocable Living Trust unlike a Last Will and Testament or otherwise known as a “Living Will” or “Will” is the ability to avoid probate court. People mistake a “Living Will” for a Last Will and Testament which is mistake.  A Last Will and Testament is a way to distribute your assets and name a guardian for your children upon your death. In contrast, a Living Will is similar to a power of attorney for healthcare because it details your desired medical treatment when you are incapable of managing your own health decisions due to an incapacity.  Second, a Revocable Living Trust is a private document unlike a Last Will and Testament. A Revocable Living Trust is private because it does not get filed at the local courthouse unlike a Last Will and Testament. A beneficiary also enjoys spendthrift provision under a Revocable Living Trust, which protects your beneficiary’s inheritance from their creditors such as past credit card debts, foreclosures, divorcing spouses, and other issues.

Sean Robertson and Gateville Law Firm work with middle-class residents ranging from a couple hundred thousand dollars in assets to multi-millionaires in the Naperville, Plainfield, Bolingbrook, Romeoville, Oswego, and Yorkville, Illinois areas.  

EXPERIENCED AND RELIABLE ESTATE PLANNING AND FAMILY TRUST COUNSELORS AND ATTORNEYS

Sean Robertson and Gateville Law Firm work hard to plan and protect your hard-earned wealth and assets from creditors, probate, and other estate litigation matters.  These creditor and liability concerns cost thousands to hundreds of thousands of dollars in attorney’s fees, court costs, surety bond fees, and other fees and cost. Sean Robertson is an experienced and reliable wealth and asset protection attorney that works with successful families and business owners with small to substantial wealth in liquid assets, retirement assets, real estate (primary and commercial and vacation real estate interests) and business-related assets. Sean Robertson is unique from most estate planning attorneys due to his asset protection and business planning focus.  

Sean Robertson and Gateville Law Firm provide in-house and office related appointments and offer a FREE initial consultation.  We can be reached via online form (best way), via email, and/or phone number at 630-780-1034. Our website is GatevilleLawFirm.com.






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1905 Marketview Drive Suite 268
Yorkville, Illinois 60560