Estate Plans & Tax Planning

You have worked hard for what you have. We will help you devise estate plans and tax planning strategies to minimize taxes and preserve your assets for the next generation.

UB Greensfelder’s Trusts & Estates Practice Group helps clients protect their assets with estate plans and minimize taxes via personalized estate, gift, and income tax planning strategies. Whatever your situation and needs, we can provide guidance and devise tax planning strategies to minimize the tax implications of an estate plan.

How We Help

Estate Planning

We have extensive experience structuring trusts, which are one of the most prevalent estate planning vehicles for dealing with the continued management, preservation, and appropriate disposition of property. Highly customizable and shaped to meet a client’s specific needs, trusts can be created to take effect at death through a will (a testamentary trust) or during life (frequently, a revocable trust). Clients may choose to use a revocable trust as the primary vehicle for their estate plan – the details of which can be changed at any time during the grantor’s life and can continue after death. We also manage a wide range of ancillary issues to achieve the best result for the client and their beneficiaries.

There are also times when certain specific documents may be in order: young families welcoming a first child; families preparing for a trip without children; or instances where additional legal direction is needed for caregivers or guardians. In these instances, we can assist with documents such as:

• Living wills
• Medical directives
• Durable powers of attorney
• Short-term delegation of parental rights

We can also assist non-U.S. citizens with estate planning and related personal tax planning needs.

Tax Planning

Today, three primary systems of wealth transfer tax planning apply in the United States – gift tax, estate tax, and generation-skipping transfer tax. To minimize the impact of these taxes, we take great care in the advance planning – considering each taxing scenario, the associated issues and concepts, and the applicable state law.

We will also take a holistic approach to tax planning by considering and incorporating, where applicable, other planning vehicles you may have in place, including life insurance policies and retirement plans. A certain degree of flexibility is built into every plan to respond to the possibility of future change, whether in the tax laws, the economy, or a family situation.

Why Clients Choose UB Greensfelder

We work with clients to ensure their estate plans meet their objectives in tax-efficient manner. We listen to clients’ goals, respond to their changing needs, and devise strategies to meet those goals and needs.