Estates & Trusts

Our seasoned professionals advise you on the tax implications of their current plan and provide advice on actions you can take to maximize the tax effectiveness.

Create Financial Milestones

Assisting individuals and families with tax planning to help them enjoy a financially-rich life. Reaching your financial goals starts with taking a serious look at your situation. We advise individuals on upcoming life events and your lifetime legacy goals to help determine the most appropriate plan for accomplishing your goals. We work to provide our clients with peace of mind by working as a team with them and their advisors (trustees, attorneys, insurance consultants, etc.) to ensure that they succeed in this process.

Understanding the Basics of Estates & Trusts

What are Estates and Trusts?

An estate is the total sum of an individual’s assets, including property, investments, and personal belongings. When a person passes away, their estate is distributed to their heirs according to their will or state laws. A trust, on the other hand, is a legal arrangement where a trustee holds and manages assets on behalf of a beneficiary. Trusts can be set up during a person’s lifetime or after their death, and they can be used for various purposes, such as providing for minor children or protecting assets from creditors.

Benefits of Estate Planning

There are several benefits to creating an estate plan, including:

Ensuring your assets are distributed according to your wishes
Minimizing estate taxes and other fees
Providing for your loved ones, including minor children and pets
Avoiding probate, which can be a lengthy and expensive process
Protecting your assets from creditors and lawsuits
Making arrangements for your healthcare and financial decisions in case of incapacity

Build and Transfer Wealth Using Time

Long-term tax planning allows you to earn income for decades on taxes by deferring tax liability. We work to defer tax liability, so you start paying taxes on that income later in life when you normally are earning less and being taxed at a lower rate. Time also helps with gifting by allowing the donor to transfer wealth annually, which reduces their taxable income and enables financial resources to be shifted to anyone they wish to receive that gift. There are annual limits on gifting, which is why having time to implement a strategy can be a very effective wealth retention tool.

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Meet The Experts

Our team members have spent a lot of time problem-solving for a variety of industries. Their expertise is unmatched and they are driven and excited about new challenges.