Tax & Estate Planning
Effective estate planning allows our clients to maximize the wealth they will ultimately transfer as well as minimize taxes. Our lawyers in the Trust & Estate Planning Group help our clients achieve these goals by strategic use of trusts, gifts and other wealth transfer solutions. We also provide assistance regarding the appointment of executors or trustees to manage the implementation of these plans. These services are available to domestic as well as non-resident individuals.
Tax planning is integral to maximizing wealth. We coordinate tax considerations to include business entities and investment strategies for the present as well as the future. We can assist clients with the organization and preparation of tax returns as well as the payment of estimated taxes.
Beyond the annual exclusions from gift tax (presently $15,000), there is an unlimited exclusion for payments made directly to an educational institution or medical provider. Payments qualifying for the educational exclusions are limited to tuition only.