Estate Planning
Estate planning is a crucial aspect of financial and personal well-being, ensuring that your assets are protected and your wishes are carried out according to your intentions. At our firm, we understand the importance of comprehensive estate planning tailored to each client's unique circumstances and goals. With our expertise and personalized approach, we are committed to helping clients protect their assets, minimize taxes, and preserve their legacies for future generations. Our firm offers a comprehensive range of estate planning services to meet the diverse needs of our clients, including:
Our Focus
Wills: Comprehensive legal documents that specify how your assets should be distributed and appoint guardians for minor children.
Living Trusts: Flexible instruments that allow the management and distribution of assets during your lifetime and after death, often avoiding probate.
Durable Powers of Attorney: Designates trusted individuals to make financial and legal decisions on your behalf in case of incapacity.
Advance Health Care Directives: Outlines your preferences for medical treatment and appoints someone to make healthcare decisions if you are unable to do so.
Qualified Personal Residence Trusts (QPRT): Strategically transfers primary residences or vacation homes to heirs with potential estate and gift tax savings.
Grantor Retained Annuity Trust (GRAT): Transfers assets to beneficiaries while minimizing gift tax liabilities and leveraging appreciation.
Generation-Skipping Trusts (GST): Efficiently passes wealth to future generations while minimizing estate and gift taxes.
Dynasty Trusts: Preserves and protects family wealth for multiple generations, offering asset protection and tax advantages.
Grandchildren's Trusts: Establishes trusts to provide for grandchildren's education, health, and general welfare, while minimizing tax implications.
Family Limited Partnerships/Limited Liability Companies: Structures entities to facilitate wealth transfer, protect assets, and meet family financial needs.
Buy/Sell Agreements: Drafts agreements for the orderly transfer of business interests during specified events such as retirement or death, ensuring business continuity.
Charitable Trusts: Establishes trusts to support philanthropic causes while potentially providing tax benefits and estate planning advantages.
Wealth Replacement Life Insurance Trusts: Sets up trusts to replace gifted assets with life insurance proceeds, covering estate tax liabilities and preserving family wealth.
Spousal Lifetime Access Trusts (SLAT): Provides strategic advice on trusts that leverage gift and estate tax exemptions while granting access to trust assets for the benefit of the client's spouse.
Irrevocable Life Insurance Trusts (ILIT): Assists in establishing trusts to hold life insurance policies outside the taxable estate, ensuring liquidity for estate taxes and protecting insurance proceeds for beneficiaries.
First-party Special Needs Trusts: Safeguards government benefits eligibility while addressing the supplemental needs of individuals with disabilities.
Third-party Special Needs Trusts: Protects assets intended for individuals with disabilities without jeopardizing their eligibility for government assistance programs.
Blog Post
Recent Posts
Understanding Reverse 1031 Exchanges and the Risks of International Fund Transfers
Understanding Reverse 1031 Exchanges and the Risks of International Fund
NRA Grantor Trusts with U.S. Beneficiaries: Comparing Domestic and Foreign Structures
IntroductionNonresident aliens (NRAs) who wish to establish trusts for the
Understanding the Grantor Trust Rules Under IRC § 679: Key Considerations for Foreign Trusts
When it comes to estate planning and asset protection, foreign
Foreign Grantor Trusts: Tax Implications for Grantors and Beneficiaries
Foreign Grantor Trusts: Tax Implications for Grantors and BeneficiariesIntroductionA foreign
Tax Consequences of a Dying Grantor Repurchasing Highly Appreciated Assets from a Foreign Irrevocable Grantor
IntroductionWhen a dying grantor (whether a Nonresident Alien (NRA) or a U.S. grantor) repurchases a highly
IRC § 684 (the deemed sale rule) on Foreign Grantor Trust
Upon the grantor's death, the trust ceases to be a
