Wealth Succession Planning

With over ninety-five (95) years of combined experience, our Trust and Estate attorneys possesses substantial expertise in developing plans for the transfer of our client’s wealth for all life stages – from the inception of the business, the birth of children through to the client’s death and succession of the family business to future generations.

Our Trust & Estate practice focuses in the following areas:

  • Estate Planning & Wealth Succession
  • Lifetime Gifting Strategies
  • Charitable Planning
  • Post-Death Trust and Estate Administration and Probate

Estate Planning Documents

Developing a client’s estate plan first involves the update or creation of a revocable trust, will, durable power of attorney for financial powers, advance health care directive and health information portability and protection act release (Hipaa Release). These documents provide the basic level of planning for events during life, such as illnesses and disability and for succession at death including appointment of guardian for minor children, appointment of trustee and executors to administer the estate and the estate, gift and generation skipping transfer tax efficient wealth transfer of property to our clients’ heirs and beneficiaries. Our documents typically provide the future Trustees with the flexibility to meet the needs of the beneficiaries as they change, including the conversion to a Special Needs Trust in the event a beneficiary became disabled.

Many of our clients are not U.S. Citizens and our firm drafts documents compliant with U.S. Tax laws and Wills that meet International or specific Country’s formalities.

Lifetime Gifting Strategies

With recent and dramatic changes in the estate and gift tax, our firm advises their clients with tax efficient lifetime transfer plans that take advantage of lower interest rates and greater gift exemptions, among other market and legislative related fluctuations. Common strategies include selling the family business through a defective grantor trust, life insurance irrevocable trusts, charitable remainder trusts, establishment of family partnerships and taking advantage of depressed real estate markets with qualified personal residence trusts. Our firm analyzes the gift transfer strategy from all tax aspects – the income, gift, estate and generation skipping transfer tax to best position our clients to transfer as much of their wealth as possible to all their descendants.

Charitable Planning

Our clients often have charitable intentions and thus we assist them in the establishment and implementation of charitable remainder trusts, charitable lead trusts, private foundations and creation of donor advised funds with various public charities.

Post-Death Estate Administration

Our firm represents executors, beneficiaries and trustees in the post-death administration and/or probate of a deceased person’s estate. We routinely advise taxable estates that are required to file the Federal Estate Tax Form 706 and insure that the proper allocation and funding takes place to insure that the succession of the family wealth is optimized for estate tax, generation skipping transfer tax and property tax purposes.