Unless consumed, one’s assets will be transferred during life or at death. This prospect has current and future interpersonal and economic consequences for the asset owner and the asset owner’s family. The transfer of one’s assets includes many objectives to consider: financial security of a surviving spouse, education and support of children and grandchildren, protection of the transferred assets from (domestic and other) creditors of the transferee, professional asset management, support for charitable endeavors, and minimization of income, gift and estate tax consequences of the transfer to both the transferor and the transferee.
We use simple and complex estate planning techniques to craft custom plans that address each client’s situation. The estate planning service includes:
• Revocable living trusts
• Irrevocable life insurance trusts
• Trusts for children and/or grandchildren
• Family limited liability companies
• Charitable remainder trusts
• Charitable lead trusts
• Private foundations
• Lifetime gifting strategies
• Intra-family sales of appreciating assets
• Prenuptial/Postnuptial Agreements
As a critical part of estate planning, our attorneys determine what title changes to assets should be made and determine what beneficiary designations for life insurance and retirement accounts are necessary to meet family and financial objectives. Further, when a family owned business is involved, the estate plan must also be coordinated with the business succession plan
Our attorneys are skilled at helping individuals examine their unique combination of assets and circumstances to ascertain their goals and objectives for the transfer of their assets. Our estate planning serviceand wealth transfer plans effectively and efficiently transfer wealth in a manner that is desirable and meets all of the needs of our clients.