Through highly sophisticated planning, we work with our clients to help choose the best way to manage, protect, and preserve their property throughout their lifetimes and to develop strategies for distributing their assets to family, friends, or charities upon their death. Various planning techniques can be implemented to reduce income and estate death taxes, serve and advance ongoing businesses, or to achieve charitable or other altruistic initiatives. This planning, often reaching well beyond the typical distribution of assets through a will, may prove far more pivotal and efficient in accomplishing a client’s overall goals. Pereira Law offers its services to help meld a client’s particular circumstances, including a consideration of assets, health, and future plans, into an estate plan that addresses all of the client’s primary concerns.
Among the various issues that can or should be considered depending on the client’s assets, health, and other circumstances and desired outcomes, are:
• Designation of health directives and proxies, durable powers of attorney and living wills;
• Special issues pertaining to incapacitation, long-term care, and Medicaid trusts;
• Lifetime transfers of assets, including gifts to minors and to trusts, such as grantor retained annuity trusts (GRATs), grantor retained income trusts (GRITs), and qualified personal residence trusts (QPRTs);
• Estate, gift and generation-skipping taxes, as well as pre- and post-mortem planning for same;
• Marital deduction and tax shelter planning;
• Charitable gifts, whether outright or through the use of charitable remainder trusts (CRTs), charitable remainder annuity trusts (CRATs), or charitable lead trusts (CLTs);
• Protection of businesses through entity selection, structural documents, and strategies;
• Business benefit plans, including health, disability, retirement or deferred compensation and succession plans for orderly transfer of future business ownership;
• Life insurance use and planning, including irrevocable life insurance trusts (ILITs);
• Creditor protection trusts and creditor protection alternatives; and
• Estate planning for same-sex couples, unmarried couples and non-traditional families.
Typical Estate Planning Documents
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