Wealth Transfer Strategies

Transferring wealth to the next generation in a tax-efficient manner is a crucial aspect of comprehensive financial planning. We work closely with our clients and estate planning attorneys to utilize the lifetime gift tax exemption and to establish various types of irrevocable and revocable trusts. This allows individuals to gift significant assets during their lifetime while significantly reducing the size of their estate and lowering, or eliminating, taxes.

Additionally, charitable giving through vehicles like charitable remainder trusts (CRTs) or donor-advised funds can provide tax benefits while allowing individuals to support causes they care about. Overall, a well-structured financial plan, incorporating trusts, lifetime gifting strategies, and charitable giving, can help ensure that wealth is transferred efficiently to the next generation and charities while minimizing, or eliminating, the impact of estate planning taxes.