We work with both clients who have an existing estate plan and with clients who require the development of a comprehensive estate plan and we utilize within the framework when applicable the strategy of the gift tax exemption and lifetime gift exclusion to reduce your estate tax burden.
We strive to provide our clients comprehensive estate planning and asset protection solutions utilizing advanced planning strategies and legal instruments for asset protection, incapacity planning, and wealth preservation throughout your life and the distribution assets after your death.
We assist our clients in the establishment of a trust most appropriate to your individual circumstances and financial objectives such as asset protection, minimizing tax liability, probate avoidance, protection from creditors, Medicaid eligibility and business succession.
According to a recent Harris Poll survey, 64% of Americans do not have a will. The top reasons cited in the survey were “they haven’t gotten around to it yet,” fear of difficulty and the perceived expense. Every individual or family needs a will that specifies how their assets will be distributed upon their death.
We assist our clients with the design and implementation of an advantageous Estate Plan and Individual Retirement Accounts (IRA) strategy that protects your retirement investment for future generations and minimizes the tax implications to your heirs.
“88% of current family business owners believe the same family or families will control their business in five years, but succession statistics undermine this belief. According to The Family Firm Institute, only about 30% of family and businesses survive into the second generation”…key factor cited, lack of business succession planning.