Estate, Gift & Generation Skipping

The attorneys in our estate planning practice group are experienced with assisting clients, many of whom own interests in large, family businesses, with passing assets to their intended beneficiaries in a manner that seeks to minimize estate, gift, generation-skipping and income taxes.

We frequently advise clients on:

  • Grantor retained annuity trusts
  • Sales to intentionally defective grantor trusts
  • Qualified personal residence trust
  • Reorganizing closely held businesses
  • Creation and funding of irrevocable life insurance trusts
  • Formation of family limited partnerships and limited liability companies

We utilize long-term trusts that provide benefits to future generations without having the assets increase a beneficiary’s estate tax liability.

For those who have a charitable inclination, we advise clients regarding the formation of private foundations, entering into charitable split-interest trusts, such as a charitable remainder annuity trust, and establishing donor advised funds.

We are experienced in reporting large, lifetime gifts on federal gift tax returns, the preparation of estate tax returns and the proper reporting of generation-skipping transfers on these returns. We work with local and nationally recognized appraisers who provide quality appraisals needed to begin the running of the statute of limitations. We have had great success in advising clients in connection with IRS audits of these returns.