Sophisticated Estate Planning

Clients with considerable wealth turn to SRP for assistance with their sophisticated estate planning needs. We provide clients with options that can take advantage of growth strategies during their lifetime while also recognizing the long term goal of minimizing transfer taxes for their heirs. Creating a plan for future generations can be complex and should take into consideration the consequences of estate taxes, generation-skipping transfer taxes, gift taxes and income taxes. Some of the more sophisticated vehicles that can be used to maximize wealth and minimize taxation include:

• Family Limited Partnerships
• Limited Liability Companies
• Private Annuities
• Irrevocable Trusts
• Dynasty Trusts
• Grantor Retained Annuity Trusts
• Qualified Personal Residence Trusts
• Charitable Lead Trusts
• Charitable Remainder Trusts