Through 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 secure lifetime asset security, serve and advance ongoing businesses, achieve charitable or other altruistic initiatives, and reduce income and estate death taxes. 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.
Through consideration of a client’s assets, health, familial circumstances, and overall goals, we can help you achieve the following:
- Legacy planning involving the preparation of Wills and Trusts, beneficiary designation, and titling of non-probate assets;
- Designation of Health Care Proxies and Durable Powers of Attorney;
- Special issues pertaining to incapacitation, long-term care and Medicaid trusts;
- Lifetime transfer of assets, including gifts to minors and trusts, including but not limited to 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 business interests through entity selection, structural document and other 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
- Special Needs planning, including preservation of governmental needs-based benefits through Special Needs Trusts or other planning;
- Estate planning for same-sex couples, unmarried couples and non-traditional families.