No single aspect of financial planning is
more significant than estate planning. In its absence, estate taxes can
consume a significant portion of a family estate. We possess the knowledge
and expertise to help build and preserve assets during a person's lifetime
and to reduce the impact of taxes on the estate after death.
A few of the strategies that we have applied recently include:
- Family Limited Partnerships
- Personal Residence Trusts
- Corporate Reorganizations to Establish Non-voting Stock
- GRATs
- Intentionally Defective Irrevocable Trusts
- Irrevocable Life Insurance Trusts
- Planning for Qualified Plan/IRA Distributions
- Charitable Remainder Trusts
- Private annuity arrangements
We also perform Post-mortem Estate Planning which includes:
- analysis of benefit of election to include accrued interest on U.S. savings bonds in decedent's final income tax return;
- analysis of tax cost/benefit of paying executor/ administrator fees;
- analysis of claiming administrative expenses on the estate tax return vs. fiduciary income tax deduction;
- assistance in considering qualified disclaimers;
- recommendations of timing and nature of estate distributions;
- preparation of final income tax, estate tax returns, and fiduciary income tax returns.
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Who Can Help:
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