Families and individuals spend a considerable amount of time building wealth over a lifetime (or several lifetimes). Managing the transfer of that wealth to others and balancing the sometimes competing needs of different individuals can be a complex and confusing process.
The tax implications of improper or insufficient planning for estates that are above the federal exclusion threshold can be extraordinary. While we are not attorneys and do not draft any estate planning documents ourselves, we often work very closely with clients and their representatives to facilitate proper planning and to provide our advice where appropriate.
If necessary, we can take advantage of relationships with several well-qualified estate planning professionals that we have worked with over the years to provide these services to our clients (they would work on a fee basis directly with our clients; we would not have any financial stake in the relationship). This is a complex and ever-changing environment and it is important to have any documents reviewed and updated on a regular basis.