Estate Planning

December 16th, 2009 17:55Posted by Kevin Crain

 

CRAIN LAW FIRM does not limit its practice to the four walls of the business. Once the client’s “take home” dollars are maximized, we develop estate planning and asset protection strategies to preserve that wealth. We design:

  • Wills
  • Trust agreements
  • Powers of attorney
  • Living wills
  • Gift programs
  • Family partnerships
  • Charitable gifts
  • Private foundations
  • Conservatorships

We shield the business, the business owner, and the business owner’s family from the highest IRS tax rates on the books. For example, one client business owner and his wife asked for a review of their simple wills. We drafted new wills designed to save the couple more than $1.4 million.

In another situation, a couple wished to make gifts of valuable properties to their children, but wanted to stay actively involved in the management of those investments. We prepared a family limited partnership to share their wealth and limit the liability exposure, without losing control of the properties.

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