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Kantrowitz, Goldhamer, Graifman, Perlmutter & Carballo, P.C.

10b9db026d89119e951a851045ac17eee7784f79

Written/Reviewed By:

Barry S. Kantrowitz, Esq.

Last Updated: Apr 28, 2026

Read Time: 3 mins

Estate Lawyers Protecting Businesses and Families

Family business interests are included in your estate for federal estate tax purposes. These businesses are often difficult to value, as well as highly taxed. Therefore, they can cause serious liquidity problems upon the owner’s death. You need an experienced estate attorney who can explain your options and advise you as to how to take advantage of options such as the gift tax annual exclusion and unified tax credit.

Owners of family businesses often choose to create a business succession plan to make the transition of control of the business as seamless as possible, and to avoid tax problems. The experienced estate planning lawyers at KGG can help you keep your business in the family or leave it to a group of employees or co-founders.

What are My Options for Business Succession Planning?

We can advise you on leveraging techniques to reduce the tax burden upon transfers of control of family businesses to younger generations, including:

Gifts of minority interests
Family limited partnerships

When these estate planning tools are properly used, family businesses can be transferred to younger generations with a minimum of estate and gift tax consequences.

Can Business Succession Planning Protect My Family’s Inheritance?

Family businesses are to be valued highly, and each one has its own story and should have a future carefully planned for it specifically. Some people want to leave the family business as a gift to their children. In other cases, some want their heirs to earn that privilege or to have the business assets carefully managed for them. Effective estate planning can involve making provisions intended to avoid the problems which can be the result of inheriting too much, too young.

Provisions for effective transitions in the management and control of a closely-held business are extremely important. We can help you address business succession issues with documents such as buy-sell agreements (typically funded with life insurance), shareholder agreements (sometimes providing for post-death redemptions by the corporation) and voting trusts.

Need a Lawyer for Estate Law and Business Succession Planning?

If you need help planning the succession of your family’s business contact our estate lawyers toll free today at (866) 971-0927. We can also be reached via our online form to schedule a consultation in Rockland County, NY or Bergen County, NJ. If you leave us a message, we will get back with you promptly.

Our estate law department can assist you with: wills, trusts, durable powers of attorney, and many other matters. If you need to meet with us in the evening we will work to accommodate you.

Why Trust Us?

150+ Reviews

50+ Years of Service

Full-Service Law Firm

Client Reviews

    
 
 
      Posted on Google  
   LWelsh 
 16 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Clever and efficient.
  
 
     Posted on Google  
   Kenny Perlow 
 37 days ago
 
 
 Trustindex verifies that the original source of the review is Google. KGG Law, and Barry Kantrowitz in particular, set the bar high for what a thorough, practical, strategic, compassionate and smart lawyer can be. Everything about Barry's advice and representation was exemplary and the stress mitigation that resulted was invaluable. On top of that, the ultimate result Barry achieved was beyond what was reasonable to expect and we are forever grateful. Often, people say that you hire a lawyer to prevent a problem. Sometimes, unfortunately, you need an attorney to solve a problem and I could not recommend Barry and his firm any more highly in that regard.
  
 
     Posted on Google  
   Aliza Ali 
 101 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My dad had a great experience with this law firm. From the very beginning, the team was professional, knowledgeable, and always willing to answer our questions. They kept us informed throughout the entire process and made what could have been a very stressful situation much easier to handle. We truly appreciated their dedication, honesty, and hard work. Thanks to their support, my dad felt confident every step of the way. We are very grateful for everything they did and would highly recommend this firm to anyone looking for reliable legal representation.
  
 
     Posted on Google  
   Jana Montero 
 104 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I had a wonderful experience working with Sam Smith. He was very responsive, thorough, and easy to work with from start to finish. He walked me through everything clearly and made what started as a very stressful situation for me into something completely manageable. I would not hesitate to recommend him and the firm!
  
 
     Posted on Google  
   Mike Sakmann 
 110 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I sought legal advice regarding an employment matter and had an excellent experience working with Sam Smith, Esq. at KGG Law. Sam was thorough, attentive, and took the time to listen carefully to my concerns before providing clear, thoughtful guidance. I appreciated the professionalism and care shown throughout the process, and I would confidently recommend KGG Law to anyone in need of legal assistance.
  
 
     Posted on Google  
   Liz Hecker 
 116 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I can't say enough about this firm. They manage to comfort you during the whole legal process while staying professional and doing what is right. I would recommend them to anyone and also hire them again if I need legal help.
  
 
     Posted on Google  
   Brandy Miller 
 139 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kate is the best. She helped me very quickly, and was very attentive with all of my needs. So thankful for her
  
 
     Posted on Google  
   Mike Greenspan 
 152 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kate Carballo is a dedicated, passionate, and creative attorney whom I had the pleasure to lecture with at a state trial lawyer's conference. Kate's lecture demonstrated how she uses her innovative and "out-of-the-box thinking" to achieve outstanding results for her injured clients. That Kate is certified by the Supreme Court of New Jersey as a civil trial attorney is a testament to her skills, experience and commitment to excellence.
  
 
     Posted on Google  
   Jonathan Sampson 
 159 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Was referred to KGG law by a friend and could not have asked for better legal representation. They walked me through every step of the process after my accident and began every call with “ how are you feeling” which was just one example of how much they care about their clients. They handled my case very efficiently, professionally and courteously. My attorney Kate Carballo was a rock star! So clearly experienced, she consistently made me feel at ease with the process. Highly recommend
  
 
     Posted on Google  
   Vinnie Kung 
 162 days ago
 
 
 Trustindex verifies that the original source of the review is Google. We had a great experience with the team at KGG Law. While it was a traumatic time for our family, they made it very easy for us and explained all of our options. They even performed due diligence to make sure that after our settlement, there would be no further issues which I think is even more important than the settlement itself. Thank you!

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Need Business Succession Planning?

Estate Lawyers Protecting Businesses and Families

What are My Options for Business Succession Planning?

Can Business Succession Planning Protect My Family’s Inheritance?

Need a Lawyer for Estate Law and Business Succession Planning?

Why Trust Us?

Rockland County, New York

Bergen County, New Jersey