Tax Planning Services Attorney

You have worked hard and invested with care to ensure your family’s financial security. You may have been entrusted with assets accumulated by previous generations, and you take seriously your responsibility as a steward of that wealth. Or perhaps you are a business owner whose innovation has led to growth and increased revenue. Whatever the source of your wealth, you want to use it to benefit the people and organizations that you care about.

State and federal taxation, including gift tax, estate tax, generation-skipping transfer tax, income tax, and capital gains tax, can take a bite out of the wealth you’ve worked so diligently to build and preserve. You don’t mind paying your fair share, but understandably, you don’t want to pay more taxes than necessary. At Oliver Law, P.C., our tax planning services can help you minimize your tax burden, and that of your heirs and estate. To protect your assets from taxation, contact Oliver Law, P.C., to schedule a consultation.

Tax Planning Services and Strategies

Attorney Robert P. Oliver has nearly twenty years of experience in estate and trust law and related matters, including more than a decade at an estate law firm with an emphasis on tax planning. He understands the impact that strategic planning can have in shielding assets from taxation. Oliver Law, P.C. routinely works with clients whose estates are valued in the tens of millions of dollars, as well as those with more modest estates.

Whatever the size of your estate, we offer a range of sophisticated tax planning services calculated to preserve your wealth and minimize taxes. Strategies we can implement include:

• Structuring lifetime gifts and marital or charitable deduction trusts to defer or minimize gift, estate, and generation-skipping transfer (GST) taxes

• Strategic planning for portability of lifetime estate tax exemption
• Creation of Dynasty trusts and other planning for the multigenerational transfer of assets
• Creating intentionally defective grantor trusts (IDGTs) for the benefit of spouses and family members
• Coordinating the transfer of life insurance policies to irrevocable life insurance trusts to maximize annual gift tax exemptions and shield proceeds of life insurance policies from estate tax
• Using life insurance trusts to provide liquidity for any existing estate tax obligations
• Formation of family limited partnerships and family limited liability companies to consolidate the ownership of assets and minimize gift and estate taxation through planned gifting of ownership interests in these entities
• Advising and assisting with beneficiary designations
• Creation of grantor-retained annuity trusts (GRATs) to minimize gift tax on highly-appreciated assets
• Creation of qualified personal residence trusts (QPRTs) to minimize gift and estate tax on highly-appreciated real estate
• Formation of private foundations, charitable lead trusts (CLTs), charitable remainder trusts (CRTs), and donor-advised funds and advising on the tax implications

Our extensive experience with tax planning and preparation, and our understanding of gift, estate, GST, income, and capital gains tax law equips us to advise you on the best tax planning strategies for your unique circumstances and goals.