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We offer estate
and tax planning for individuals and their families. To advance a client’s
estate planning process, we make recommendations based upon a comprehensive review
of their assets and general situation, helping them to create plans that are specifically
tailored to their personal goals, while eliminating or minimizing adverse tax
consequences. Our work generally
involves the preparation of documents such as wills and revocable living trusts
designed to preserve the client’s wealth and to provide for it’s eventual
transfer. We advise clients
on all aspects of federal and state gift and estate taxation. For example, clients
have sought our advice on how to transfer a family business or a large family
property intact to a younger family member at the lowest transfer tax cost, and
how to structure a charitable gifting program to maximize the overall benefits.
The firm has developed
a special expertise in assisting individuals and families who have substantial
investments in closely held businesses or other illiquid assets. Clients are often
concerned about how to preserve these assets for the next generation in the face
of potential estate tax burdens. The tax issues, however, are often secondary
to the need to maintain strong management for the business and provide fair treatment
for all beneficiaries, including those working within the family business. The firm is involved in all aspects of probate and trust administration. We represent individual clients and corporate fiduciaries in the probate of wills and the administration of trusts, occasionally acting as executor and trustee of clients’ estates while advising fiduciaries and families about a variety of legal issues.
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