We can discuss these techniques with you during an initial consultation. Even with smaller estates, the savings can be significant. This can result in substantial savings , but extreme caution must be exercised. If you have prepared your own documents, we are willing to work with you. We recommend that, at the very least, you have our firm review and explain your documents and the choices available to you.
Many new businesses operate in the wrong form, exposing the owners to unlimited, personal liability.
Some form an LLC, but not an agreement among the owners. We also provide, as part of our business start-up services, comprehensive advice on eliminating or minimizing other exposures to personal liability. We also form Family Limited Liability Companies for businesses, and real estate and investment portfolios, as an effective means of transferring wealth, free of estate taxes, to the next generation , without any loss of control and management. See below for our article on this topic. This technique relies on the annual gift tax exclusion, and removal of property from the parents' taxable estate.