We assist you with your estate planning, most importantly in the transmission of your assets to accomplish your goals and objectives.

We will recommend techniques for the reduction of estate, gift, and generation-skipping taxes, including: asset ownership changes; gifts; life insurance planning, including irrevocable life insurance trusts (“ILIT”); business succession; trusts of all kinds (charitable); credit shelter, bypass, or disclaimer trusts; intentionally defective trusts (“IDT”); grantor retained annuity (“GRAT”) and unitrust (“GRUT”) trusts; qualified personal residence trusts (“QPRT”); and other techniques such as private annuities and self-cancelling installment obligations (“SCIN”).

We help you retitle your assets to avoid having to probate your will and avoid having to qualify an executor. This results in a more streamlined transmission of assets, in substantial savings of energy, and costs after your death, and privacy concerning your affairs.

We assist your executor and trustee with the administration of trusts and decedents’ estates, including: post-mortem estate tax planning; fiduciary obligations; tax considerations involved in the administration of trusts and estates, including issues regarding estate, gift, and individual income taxation, as well as the income taxation of trusts and estates; the accounting process; and in hearings before the Commissioner of Accounts.

We represent beneficiaries, trustees, and personal representatives in IRS and Virginia tax disputes.

Finally, while we try to avoid litigation, when necessary we represent litigants in estate and trust litigation.

Advisory for our clients who are Trusts, Trustees or Beneficiaries of Trust. Follow North Carolina Dept. Of Revenue V. Kaestner Family Trust which will be heard by the US Supreme Court. North Carolina taxes trust income when a trust’s beneficiaries are state residents. The Court will determine if this taxation violates the Due Process Clause forbids. Please call us if you have questions.

Why You Should Review Your Plan Periodically  Why Amending Your Estate Plan Could Create Significant Income Tax Savings

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