Estate Planning Attorneys
For clients with especially complex needs, our services are available on an hourly basis for consultation and implementation of an integrated planning strategy. Planning options for these clients may include any strategies previously discussed, as well as:
- Family Limited Partnerships (FLPs) or Family Limited Liability Companies (FLLCs)-entities which permit valuation reductions for estate tax purposes, as well as greater control by the client;
- Grantor Retained Annuity Trusts (GRATs)-entities which allow the owner (grantor) of property to transfer the property to children while receiving an income from the property;
- Grantor Deemed Owned Trusts (GDOTs)-entities which are similar in concept and effect to GRATs;
- Private Annuities-arrangements wherein property is transferred to the client’s children, and the client (or estate) receives income for a number of years, or for the client’s lifetime;
- Self-Cancelling Installment Notes (SCINs)-Similar to private annuities, but the note payments by the children terminate with the client’s death; and
- Qualified Personal Residence Trusts (QPRTS)-a highly tax-efficient way to transfer a first or second home to children.
All of the strategies mentioned above can be integrated into the Traditional Living Trust Portfolio, including Dynasty provisions, if desired.
To discuss how we can assist you, please call us at 804.332.6247 or complete our brief Client Inquiry Form.
Our business is guarding and preserving all that you hold dear.
