August 2016

Wealth Transfer Planning


The fundamentals of a sound estate plan—and often the first documents we draw up for our clients—include a pour-over will, revocable trust, durable power of attorney and advance health care directive. In addition to executing these essential papers, our attorneys assist clients with comprehensive estate, gift and generation-skipping transfer tax planning.

The Estate Planning and Administration Group uses the most current techniques available, including dynasty trusts, grantor retained annuity trusts, qualified personal residence trusts and sales to intentionally defective grantor trusts to transfer wealth in tax-efficient ways and to minimize burdens on heirs. The creation of family limited partnerships and limited liability companies represents additional strategies for transferring wealth at reduced cost while facilitating business succession planning for the tax-efficient transfer of a family business.