As tax planning attorneys, we will work with you to develop a plan to minimize transfer taxes during and after a client’s lifetime, by utilizing sophisticated techniques to maximize the wealth our clients transfer to their children or to other designated beneficiaries. The key services you can get from our office in Utica, NY include:
- Developing an Estate Plan to maximize the use of the Estate Tax Exemption so you transfer the most wealth possible to the next generation.
- Preparing Estate and Gift Tax Returns and Resolving Audits.
- Using advanced trusts to maximize wealth transferred to the next generation; removing appreciating assets from your estate and transferring the assets to your intended beneficiaries, while reducing your estate and gift tax liability.
- Planning with investments and retirement benefits, including thoroughly reviewing your current planning and developing a strategy to minimize tax liability on your investments and retirement benefits, while accomplishing your retirement goals.
- Charitable planning with retirement benefits; developing a plan to minimize your tax liability while retaining an annuity or remainder interest for your benefit or the benefit of your intended beneficiaries, that still allows you to receive a charitable deduction on your tax return.
- Planning to minimize the tax impact of large capital gains upon sale or when distributions from the account are required.
Proper tax planning with your estate enables you to maximize the amount of assets or wealth that you can pass to the next generation of your family or your intended beneficiaries.
- Estate Tax Return Preparation and related services
- Drafting or Comprehensive Review and Analysis of Qualified Personal Residence Trust
- Gift Tax Return Preparation and related services
- Drafting or Comprehensive Review and Analysis of Wealth Replacement ( Life Insurance) Trusts
- Estate Tax Return Audits
- Drafting or Comprehensive Review and Analysis of Charitable Lead Trusts
- Gift Tax Return Audits
- Drafting or Comprehensive Review and Analysis of Charitable Remainder Trusts
- Drafting or Comprehensive Review and Analysis of Intentionally Defective Grantor Trust
- Review of retirement and investment accounts
- Drafting or Comprehensive Review and Analysis of Grantor Retained Annuity Trust
- All other services connected with Tax Planning