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Entrepreneurs take heed: The time to start planning your estate and providing for your heirs is best done before you hit it big, sell your successful company or take the business public.
That’s a bit of wisdom shared by James M. Cowley, one of five Rancho Santa Fe attorneys who recently joined Luce Forward’s trusts and estates practice group in its Carmel Valley/Del Mar office.
“If they are buying a business or real estate, wealth transfer and tax planning should be taken into account at the earliest stage,” said Cowley, who, with his four colleagues, previously worked at Holland
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