Income Tax Planning

If you are contemplating entering into a significant transaction that could result in recognizing a large capital gain, such as selling a rental property or a business, allow us to advise you regarding some of the strategies that may be available to reduce your potential income tax liability.

Estate Planning

An estate plan is essential to ensure that your assets are administered according to your wishes, and will benefit those you cherish the most both during your lifetime and thereafter. Every estate plan should be tailored to address your specific circumstances, so that your wishes are carried out even after you are gone, while reducing potential estate taxes to the greatest extent possible.  

Estate planning documents should be implemented so that if you ever become incapacitated and are no longer able to manage your own financial affairs, another individual of your choosing can take over without requiring a formal appointment from the Probate Court. You may also nominate an individual to serve as the guardian of your person, or the guardian of your minor children, should that ever become necessary.  

Our estate planning services include the preparation and implementation of the following:

• Last Will and Testament
  
• Revocable Trusts
  
• Irrevocable Trusts, including Irrevocable Life Insurance Trusts (ILITs)
  
• Establishing corporate entities, such as Limited Liability Companies
  
• Business Succession Planning
  
• Powers of Attorney
  
• Health Care Proxies
  
• Living Wills
  
• Guardianships and Conservatorships
  
• Establishment of Foundations
  
• Charitable Trusts
  
• Grantor Trusts
  
• Asset Protection Trusts