As part of our firm’s comprehensive services for multi-generational wealth planning, we offer sophisticated and tailored solutions for our clients. Because the circumstances and goals of each client are unique, we provide advice and estate planning document drafting only after full consideration of the client’s personal and family circumstances, goals and intentions, charitable inclinations, types of assets, risk tolerance, and net worth, and the effect of income, estate, gift, and generation-skipping taxes.
Representative services include:
Planning
- Review and assess current estate plan
- Multi-generational wealth planning
- Asset protection planning
- Tax minimization strategies
- Charitable planning and giving
- Business succession
Preparing Appropriate Documents
- Wills
- Revocable trusts and irrevocable trusts (See Trusts and Trust Administration)
- Deeds, bills of sale, and assignments of real or personal property to a trust or other entity
- Letters of guidance to children and other family members
- Letters of instruction to trustees
- Agreements creating LLCs, family partnerships, and other entities to manage family investments and endeavors
- General durable powers of attorney (“financial power of attorney”)
- Powers of attorney escrow letters
- Health care powers of attorney (“health care surrogate designation”)
- Living wills
- Organ donation registration forms
- HIPAA waivers
- Real estate documents
- Marital agreements
Effectuating And Maintaining The Estate Plan
We assist clients in confirming that their assets are held in a way that takes full advantage of the careful planning they’ve done.
We maintain an ongoing relationship with each client and his or her other professional advisers so that we can be sure that the plan continues to meet the client’s needs and provide the best results. To this end, our attorneys:
- Work with clients and their financial advisors to ensure that assets are titled properly and beneficiary designations are appropriate in the context of the estate plan
- Guide the initial registration of entities with appropriate authorities, including federal and state taxing authorities and state regulatory agencies
- Provide ongoing advice regarding annual or other periodic gifting to individuals or trusts, to optimize the transfer tax results (See Tax Law and Planning)
- Continue dialogue with clients so that any changes in a client’s circumstances, family structure, and preferences can be incorporated into the estate plan
- Maintain a relationship with the client’s other professional advisers, including CPAs and investment advisers, to coordinate planning efforts and ensure that all elements of the client’s estate plan and financial plan continue to work together harmoniously
