Estate, Trust, & Tax Planning Living Trust Probate What Is So Awful About Probate? What Happens Without a Will? What Happens With a Will? What Happens With a Living Trust? Maintain Control With A Living Trust Advantages of a Living Trust

Estate, Trust, & Tax Planning

Estate Planning

During the estate planning process, the attorney and client review the client's unique personal and financial situation. The attorney then makes recommendations and prepares documents to achieve the client's objectives efficiently.

Two common objectives are planning to reduce tax liabilities and planning to avoid probate.

Tax Planning

Effective tax planning can involve a number of devices and needs to take into account not only inheritance taxes, but gift taxes, income taxes, and capital gains taxes.

Some of the various tax planning measures can include Grantor Retained Annuity Trusts, By-pass Trusts, Irrevocable Life Insurance Trusts, and pre-death gifting.

Because an effective tax plan is dependent on your unique circumstances and goals, you should consult a professional.

Probate Avoidance

One of the main reasons people create estate plans is to avoid probate - to protect their privacy, to retain more control, and to save the expense of probate.

Click the links to the left for information on estate planning to avoid probate.