ADVANCED TAX PLANNING

A major challenge in estate planning is how to properly address federal and state estate taxes, gift taxes and generation-skipping transfer taxes. Depending on the value of the estate and other variables, there are a number of sophisticated legal strategies that can be used.  Some of these include: Family Limited Partnerships, Limited Liability Companies, Personal Residence Trusts, and Irrevocable Life Insurance Trusts. There are also a variety of charitable gifting techniques that can be utilized in the appropriate situation, such as Charitable Lead Annuity Trusts, Charitable Remainder Annuity Trusts and Charitable Remainder Unitrusts.