Advanced Estate & Tax Planning

Individuals, who have an estate substantially in excess of $2 million ($4 million, if married), should consider ways to reduce their state and federal estate tax exposure. Using lesser known planning techniques and trusts can substantially reduce the tax impact upon your estate, while assuring your current financial security and lifestyle.

Though advanced estate and tax planning usually is undertaken by individuals who have reached age 60 and/or have retired, substantial wealth dictates that individuals protect themselves and their estate much earlier.

Advanced estate and tax planning involves both short and long-term processes.

• Short-term planning techniques generally are simple to create and implement, are completed within a short period of time, and can generate substantial benefits and immediate protections.
  
  
• Long-term planning techniques are more complex, are implemented over a period of time, and involve an ongoing refinement process to accommodate the ever-changing laws that affect your estate and after-death tax obligations.

Good advanced estate and tax planning should incorporate both types of planning to give you the best protection now and in the future.

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