PRACTICE AREAS

Estate Planning

 

 

We provide a broad range of estate planning services to our clients. We assist our clients in conserving, managing and transferring their wealth, while minimizing income, gift, estate and generation-skipping transfer taxes.

Common planning services in this process include:
  • Preparation of wills and/or revocable trusts
  • Drafting, funding, and administering “Irrevocable Life Insurance Trusts,” including preparation of “Crummey” notices, when appropriate
  • Preparing and managing limited partnerships and limited liability companies
  • Creation of multi-generational irrevocable “Dynasty Trusts” or “Intentionally Defective Grantor Trusts” (“IDGTs”)
  • Organizing and executing transactions with Dynasty Trusts, such as installment sales of assets
  • Intra-family loans and sales involving notes, self-cancelling notes and private annuities
  • Preparation and on-going representation of “Grantor Retained Annuity Trusts” (“GRATs”)
  • Incorporating “Qualified Domestic Trusts” for appropriate cases involving clients with non-citizen spouses
  • Incorporating “Special Needs Trusts” for clients with beneficiaries with special needs
  • Drafting and strategizing funding options for “Qualified Personal Residence Trusts” (“QPRTs”)
  • Complex Charitable Lead Trust planning
  • Planning for Charitable Remainder Trusts and capital gains tax deferral
  • Creation of “Private Foundations” in corporate or trust form
  • Preparation and filing of IRS Form 1023 (application for recognition of exempt status) and on-going representation of Private Foundation members and Directors
  • Assisting with beneficiary designation planning for life insurance, IRAs, 401ks, annuities and other assets
  • Preparation of incapacity planning documents including Durable Powers of Attorney, Designations of Health Care Surrogates and Living Wills/Declarations