Tax Planning and Wealth Preservation

For larger estates, it becomes necessary to plan even more carefully. There are both tax and non-tax issues that may arise with respect to individual or family wealth. Some examples include:

  • Preserving and maximizing what passes to beneficiaries by leveraging the "tax free" amounts that can be gifted during life or transferred at death
  • Minimizing or eliminating the high-rate estate, gift and generation-skipping taxes
  • Utilizing "discount" techniques to shrink the estate tax value of assets
  • Utilizing "reduce" techniques to remove assets from the estate
  • Utilizing "freeze" techniques to remove future appreciation (growth) of assets from the estate
  • Creating a legacy beyond money- structuring a plan that will impact the lives of families, beneficiaries, and worthy causes
  • Preventing beneficiaries from squandering new or newly-acquired wealth
  • Choosing who will be in charge of important family decisions where the stakes have increased significantly
  • Choosing how and to whom/where wealth will be distributed
  • Managing family dynamics and the potential damage to relationships caused by wealth distribution

Our firm is experienced in creating a variety of customized plans to address these types of issues. Some techniques are simpler and require little or no maintenance, while others can be more complicated with the potential for higher yield in terms of goals or transfer of wealth (which may come with greater risk). We listen to your priorities and focus on solutions that will fit your lifestyle in the short and long-term.

Some common techniques used in tax planning and wealth preservation include:

  • Irrevocable life insurance trusts
  • Asset protection trusts
  • Dynasty trusts
  • Installment sales to grantor trusts
  • Grantor retained annuity trusts
  • Premarital Agreements (Pre-nups) and Marital Property Planning
  • Charitable trusts
  • Qualified personal residence trusts
  • Revocable trusts (with focus on wealth preservation)
  • IRA trusts
  • Combination strategies based on assets and goals

Getting started is easy, and free. At any time you may call us at 720-370-9387, or you may use the intake form on our Contact page, and we will return your message promptly.