Strategic Planning for Wealth Preservation

One key aspect of estate planning is preserving the maximum assets for intended beneficiaries at the lowest possible tax cost. There are a host of tools, some simple and some sophisticated, that we employ to achieve this result.  Most importantly, our goal is to provide the optimum strategies for minimizing or postponing the impact of federal and state estate taxes consistent with our client’s goals. These strategies generally employ many of the trusts described earlier and is the heart of planning for individuals with a higher net worth. In addition, they include lifetime gifts, transfers to grandchildren (529 Plans and generation-skipping planning), use of family entity to obtain discounts, charitable gift planning and planning for liquidity.

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