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Lefkowitz, Shaw & Sentner Practice AreasBusiness & Commercial Law We provide a wide variety of services to our business clients, from assisting in selecting the type of organizational entity under which to operate, preparation of agreements, sale and purchase of businesses, obtaining financing and funding for business operations, and employee relations, to dissolution. Business Organizations The form of business chosen for a business entity potentially affects every aspect of its operations. Our firm assists our clients in formation and business planning in deciding whether they want to operate as a closely held business, limited liability company, partnership, or corporation. We advise our clients about directors' and officers' liability, dissolution, reorganization, trade association membership and activity, joint ventures, mergers, acquisitions, divestitures, business successions, and shareholders' rights. We also help our clients design and implement their fringe benefits, including qualified pension, profit sharing and 401(k) plans. Estate Planning Our firm handles estate planning matters which is the area dealing with the distribution of an individual's property at his or her death, taking into account wills, taxes, insurance, property, and trusts, so as to gain maximum benefit of all laws and, at the same time, carrying out the person's wishes. Probate is the court proceeding through which a will is proved to be valid and the estate of a decedent is administered. The process, generally, includes collecting a decedent's assets, liquidating or transferring, paying necessary taxes, and distribution of property to heirs. We also work with our clients to minimize probate through the design of their estate planning programs. Probate & Estate Administration Our firm has special expertise in probate and estate administration. Probate is the legal process by which a person's debts are paid and assets in a decedents sole name are distributed upon her or his death. Lawyers refer to the entity that owns the deceased's assets until those assets are distributed as an "estate." Estate administration includes the probate process as well as non-probate transfers of the deceased's assets. Individual state laws direct the probate court how to distribute the deceased's estate. State laws and procedures vary greatly, so it is important to consult a firm with expertise in this area of the law to ensure that the deceased's assets are distributed correctly. Taxation Our firm represents individuals and commercial clients in matters with tax implications, identifying and addressing state and federal tax issues, structuring transactions in such a way as to minimize taxes and avoid inherent tax problems.
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