PID 3118

Estate Planning & Family Wealth

Estate Planning and Tax Mitigation Strategy

Available Services

  • Estate Planning Review & Recommendations
  • Development of a Family Purpose Statement
  • Collaboration with your advisory team – communication and meetings with outside counsel
  • Tax Mitigation Planning, Gifting Strategies, Wealth Transfer Optimization
  • Family Meeting to present explanations of family purpose, estate planning overview, family education and availability of resources

Through comprehensive estate planning analysis, in conjunction with outside counsel, we offer recommendations for the following estate planning tools:

  • Revocable Living Trusts
  • Irrevocable Trusts
  • Charitable Remainder and Lead Trusts
  • Generation-Skipping Trusts
  • Marital and Credit Shelter Trusts

Estate Planning

You have worked hard to accumulate wealth, and Foster Victor is skilled at assisting you in protecting your estate and leaving a legacy that reflects your core values and beliefs. Together, we will develop a comprehensive plan to meet your goals and ensure your family’s financial security.

Through comprehensive estate planning analysis we work to ensure your assets are protected and distributed according to your wishes. Our team will also help you navigate the complex estate tax landscape.

Foster Victor offers:

  • Estate Planning Recommendations
  • Coordination of Tax Attorneys
  • Asset Distribution Services

We offer recommendations for the following estate planning tools:

Revocable Living Trusts

A revocable trust allows for the professional management of your assets during your lifetime and following your death. This type of trust often permits your assets to be managed without the need for a court-ordered guardianship if you become incapacitated, and allows your assets to pass to beneficiaries outside of the potentially costly and time-consuming probate process after your death.

Irrevocable Trusts

An irrevocable trust allows for the professional management of your assets and allows you to make gifts to the trust – free of gift tax up to certain limits – so that assets can grow and pass to your beneficiaries without being diminished by estate taxes.

Charitable Remainder and Lead Trusts

Irrevocable trusts that are designed to provide income to beneficiaries and to charitable organizations, often at a lower tax cost than gifts made outside of these trusts.

Generation-Skipping Trusts

These are irrevocable trusts that endure for multiple generations, so that assets can be managed for, and distributed to, grandchildren and generations beyond. This strategy frequently avoids estate and gift taxes that would apply if assets were transferred outright to each generation.

Marital and Credit Shelter Trusts

Trusts that take advantage of state and federal estate tax exemptions so that property can pass to a surviving spouse and other beneficiaries while minimizing the impact of estate taxes.

Ready to Learn More?

You deserve concierge-quality advisory and planning services customized for your individual needs and goals. Contact us today to get started.