Estate and Wealth Transfer Planning
Unless consumed, one’s assets will be
transferred during life or at death. This
prospect has current and future
interpersonal and economic consequences for
the asset owner and the asset owner’s
family. The transfer of one’s assets
includes many objectives to consider:
financial security of a surviving spouse,
education and support of children and
grandchildren, protection of the transferred
assets from (domestic and other) creditors
of the transferee, professional asset
management, support for charitable
endeavors, and minimization of income, gift
and estate tax consequences of the transfer
to both the transferor and the transferee.
At Feld Hyde, we use simple and complex
techniques to craft custom plans that
address each client’s situation. These plans
will often include:
• Wills
• Revocable living trusts
• Irrevocable life insurance trusts
• Trusts for children and/or grandchildren
• Family limited liability companies
• Charitable remainder trusts
• Charitable lead trusts
• Private foundations
• Lifetime gifting strategies
• Intra-family sales of appreciating assets
• Prenuptial/Postnuptial Agreements
As a critical part of estate planning,
our attorneys determine what title changes
to assets should be made and determine what
beneficiary designations for life insurance
and retirement accounts are necessary to
meet family and financial objectives.
Further, when a family owned business is
involved, the estate plan must also be
coordinated with the business succession
plan.
Feld Hyde attorneys are skilled at
helping individuals examine their unique
combination of assets and circumstances to
ascertain their goals and objectives for the
transfer of their assets. Our estate and
wealth transfer plans effectively and
efficiently transfer wealth in a manner that
is desirable and meets all of the needs of
our clients. |
