PRIVATE WEALTH MANAGEMENT

Estate and Gift Tax Planning

Our Firm handles Estate Planning matters such as the distribution of an individual’s property at his or her death, taking into account wills, taxes, insurance, property, and trusts in order to gain maximum benefit of all laws and, at the same time, carrying out the person’s wishes. We also assist in gifting assets presently as opposed to including the asset in estate distributions. Although many people believe the recent changes in estate taxation laws have eliminated the need for gifts, there are practical reasons and advantages to give presently as opposed to distribution through your estate.

Planning is essential to an orderly distribution of your assets in the manner desired by you and in minimizing estate taxes. We would be pleased to discuss the basics of estate planning, wills, trusts, joint tenancy, community property, stepped-up basis, planning for minor children, wills vs. trusts. Our Firm would like to assist you in examining and planning every aspect and for every contingency in your estate.

Gifting is also an important consideration for estate planning as well as avoiding income taxation. Our firm assists clients in determining the best time, amount and item for gifting in order to maximize your tax advantages. Consideration is given to such items as shares of stock, using custodial accounts for minors, the proper business entity and vehicle for gifting into, year end planning, vacant real estate as opposed to income producing real estate, and the many other options and opportunities available to you for reducing your current tax obligations as well as reducing potential estate tax liability. We also assist you in investigating the educational trust opportunities for children, grandchildren and others.”

In the event you are in need of estate or gift tax planning you can e-mail us at lawyer@gctaxlawer.com, contact us by going to and completing the Assistance Form, or call 1.888.5TAXLAW.

Trusts and Estates: Planning and Administration