Find A Financial Advisor to Help Unlock Opportunities for Future Generations. Estate Planning Strategies and Wealth Transfer Plans Customized to Your Needs. The firm covers elder law, asset protection, business succession, special needs planning , probate administration, and inheritance planning for blended families.
Ken Wiley specializes in providing income tax planning , estate tax planning , compliance services and business valuations. He also completed the American Institute of Certified Public Accountants Personal Financial Planning Program. View rankings of best estate planning services, best estate planners, best estate planning companies , best estate planning companies at bestofluxury.
What is online estate planning? Heller Espenkotter PLLC is one of the best estate planning companies in Coral Gables, FL providing estate law and business law services. Our trust and estate lawyers are here to help you with your estate planning needs.
Contact our certified estate planners for a Free Consultation. Editor’s Pick (Best Online Will Maker): LegalZoom. If your business has one or more co-owners, you might consider establishing an agreement that upon the death of any owner, their interest is automatically purchased by the other owner(s).
See full list on fidelity. Life insurance can be purchased or an irrevocable life insurance trust (ILIT)can be established to cover these buy-sell agreements and provide necessary liquidity. At a minimum, a business succession plan should address the systematic transfer of the management and ownership of a business.
Management succession planning may include: 1. Development, training, and support of successors. Delegation of responsibility and authority to successors. Ownership transfer planning considerations may include: 1. Coordination between who will own the business and who will manage the business. Timing of a transfer of the business during your lifetime. This may provide you with the opportunity to consult with the successor(s), and generally reduces the risk of a discounted sale of the business.
The gap between what your business is worth while you plan your estate and what it is worth when you pass away, as well as other liquidity problems, may be managed by creating an ILIT. If the ILIT is structured correctly, the benefits paid from the underlying insurance policy do not pass through probate and are available immediately, providing cash for estate taxes and other needs. You may be able to transfer your business assets to your children and retain a source of income for yourself by establishing a grantor retained annuity trust (GRAT) or grantor retained unitrust (GRUT).
If the assets grow over the terms of the trust, the appreciation will not be subject to estate taxes, so these trusts can be effective tools for passing on a rapidly growing business. To achieve the estate tax benefits of this type of trust, the trust must be structured precisely and you must outlive the terms of the trust. You may mitigate this risk by structuring an ILIT for wealth replacement to help off. Instant Downloa Mail Paper Copy or Hard Copy Delivery, Start and Order Now!
Private Wealth Advisor Near You. Estate planning can help you: set up trusts for your kids. Our Promise is Your Peace of Mind. Find estate planning companies near you today.
CLA Estate Services is all about Service. CLA provides estate planning services to thousand of clients through out the United States. There are no two clients that are alike and CLA has the experience of working with over 50families for estate planning services.
Advised client on the use of family partnerships and limited liability companies to hold vested non-statutory stock options in Fortune 5companies for estate planning , investment and management purposes. This hybrid legal entity is beneficial for small-business owners and is also a powerful tool for estate. Thorough planning means accounting for all of your assets and ensuring they transfer as smoothly as possible to the people or entities you wish to.
Create A Last Will Using Our Simple Step-By-Step Process.