Estate Planning and Wealth Preservation:
Estate planning can involve planning to minimize income and estate taxes at death, gift and gift tax planning strategies, as well as overall planning to ensure the efficient administration of an estate and/or trust for the benefit of your heirs.
We work with clients as well as their attorneys in developing planning strategies.
These involve such things as:
Consulting in the use of trusts for efficient transfer of assets, and protection of those assets (from the IRS, creditors, and the like).
Consulting on manners of succession planning for small and family-based businesses.
Retirement and college funding.
The use of Life Insurance Trusts to provide tax efficient liquidity to an estate or trust.
Qualified Residence Trusts - as a means to tax efficiently transfer real estate assets to heirs.
Charitable Trusts - as a means to tax efficiently convert low tax basis assets into positivie cash flow, and as a means to turn assets with large capital gains tax potential into tax deductions instead. This is a powerful tool used by estate planners. We can show you how this works.
Trust funding as a means to tax efficiently leverage trust assets for the benefit of heirs.
There is a lot to this (the above just being a sample of the kinds of tools and planning strategies available). We work with our clients and their attorneys to develop and implement develop estate planning strategies.
