Trusts, Tax Strategies And Succession Planning

Congress regularly tinkers with the federal estate tax and rules for transferring wealth from one generation to the next. While fewer people are subject to the current estate tax threshold, the government has also shut the door on certain types of gifts, transfers and shelters.

It is critical to stay abreast of these changes in order to arrange for an orderly and maximized succession of your estate with minimal taxation or regulatory intrusion. At Snyder & Snyder, we are first and foremost tax attorneys. Our credentials and experience enable us to provide sophisticated and up-to-date estate and gift tax planning strategies, in conjunction with other will and estate planning and asset protection concerns.

Our Plano, Texas, law firm counsels clients throughout Texas, the United States and internationally. Over four decades, we have perfected a multi-pronged approach to help our high net worth clients implement their goals for family succession.

Trusts For Estate Tax Minimization And All Of Your Goals

We are familiar with the pros and cons of a wide range of revocable living trusts, irrevocable trusts and related strategies for accomplishing your wealth preservation and succession planning objectives. We can knowledgeably address:

  • Marital bypass trusts
  • Family limited partnerships (FLP)
  • Grantor retained annuity trusts (GRAT)
  • Irrevocable life insurance trusts (ILIT)
  • Qualified personal residence trusts (QPRT)
  • Defective grantor trusts
  • So-called dynasty trusts
  • Crummey trusts
  • Charitable remainder trusts
  • Charitable lead trusts
  • Federal estate tax exemptions
  • Taxable estate reduction
  • Inheritance taxes in applicable states
  • Generation-skipping transfer tax
  • Gift tax law and annual gifting limits
  • Valuation discount planning
  • Minority interest discounts
  • Self-canceling installment notes
  • Special needs trusts
  • Medicaid/nursing home planning
  • Wills and powers of attorney

Keeping It All In The Family

Depending on your asset base, applicable state laws and other concerns, we help you choose and properly establish the most appropriate succession planning techniques. Our broad-based tax and accounting backgrounds enable us to incorporate advanced and aggressive wealth transfer and tax avoidance tactics.

We are committed to the creation and preservation of multi-generational wealth. Schedule a consultation with esteemed trust planning lawyer Reed Snyder, at 972-702-9700 or through our online form.