Estate & Gift

Various planning techniques to allow for the minimization of estate taxes, such as maximizing the utilization of the unified credit available to both spouses:

• Using family limited partnerships
• Taking advantage of the annual gift tax exclusion
• Using life insurance as part of an estate plan
• Considering various valuation discounts that may be taken, including minority interest and lack of marketability discounts
• Review of the estate in order to determine if it qualifies for special tax rules such as the exclusion for a qualified family owned business and the deferral of estate tax at a favorable interest rate.