A primary expertise of the firm is to assist in the development and implementation of estate plans that suit each individual's circumstances and needs.
Our vision, creativity and depth of over 75 years cumulative experience allow us to develop strategies to meet each individual's goals and to provide them with a peace of mind.
We offer plan structures for a broad range of individuals and businesses. Often we will work in concert with the accountant, investment and financial advisors to ensure that the planning issues have been analyzed from all disciplines.
In the administrature of an estate, great comfort is provided to the family through our wealth of experience in the estate tax and probate areas. We endeavor to make a difficult time as smooth and efficient as possible by direct, open communication and compassion.
Will and trusts
Everyone needs to be protected with a properly prepared Will. Even a person with modest assets will save their family significant time, emotional distress and costs by having a Will. Additionally, having appropriate beneficiary designations for property that passes outside of the Will is critical and often not addressed. Trusts are crucial in the planning to ensure education, in protecting both minors and spendthrift persons to reduce or eliminate estate and income tax and for a myriad of other planning objectives.
Retirement benefit planning
As a significant portion of the population is aging, retirement planning has taken on an extraordinary dimension. Making the correct decisions in a very complex area facilitates substantial income tax savings and benefits for multi-generations. We offer advice to help facilitate a comfortable retirement as well as assist in coordinating the retirement benefits with the estate plan.
ESTATE AND GIFT TAX PLANNING
The estate tax has always been one of the highest taxes wealthy individuals will ever be exposed to. Through the use of various estate planning techniques, we assist our clients in developing customized estate plans to address their needs, accomplish their objectives and mitigate their estate tax exposure.
Business Succession Planning
Many clients have acquired wealth through having their own business. Succession planning to develop an appropriate exit strategy is critical in these situations. Not addressing a successor of a business can sometimes be fatal. We delve into the various options in detailed discussion with the business owner. This planning could well include a special provision in a Will, a buy-sell agreement, a sale or future sale to key employees or similar dispositions. We have broad experience working through all of these business issues.
ESTATE and Trust Administration
We have over 75 years of collective experience with representing both corporate and individual executors, administrators, trustees and other fiduciaries in connection with the administration of estates and trusts.
ESTATE AND GIFT TAX CONTROVERSIES
Negotiating and resolving issues with the Internal Revenue Service where an estate or gift tax return is selected for audit is something we are involved with quite often and have had significant success.
Charitable Trusts and Foundations
We assist in structuring charitable planning and charitable gifting which can include charitable foundations and charitable trusts as the dominant base structure.
People should protect themselves from the problems incapacity creates by having Durable Powers of Attorney, Medical Powers of Attorney and Living Wills.
Estate and Trust Administrative Services
We offer a broad scope of expertise to assist fiduciaries with their duties beyond just our legal advice. Many times we are asked to facilitate and coordinate the selection and interaction with other needed professionals such as the accountant, financial advisor and other significant advisors.
Premarital and Postmarital Agreements
In situations such as a spouse who has substantial separate property or is entering into a second marriage, the use of Premarital Agreements and Postmarital Agreements offer preservation and protection of a person's assets.
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