The tax issues that apply to the transfer of wealth from one generation to the next are complicated and can frequently change as the result of new tax legislation. The good news is that many estates are, in effect, not subject to Federal Estate Tax. However, families often fail to consider the impact that inheriting wealth will have on beneficiaries. Higher income tax brackets, higher capital gains taxes and Net Investment Income Tax (NIIT), and Medicare surcharges can all decrease the benefit of inheriting wealth. Proper planning can help mitigate, or even eliminate, some of these potential adverse tax consequences. We can help you understand the benefits of estate planning strategies for you and the next generation.

While Greg is not an attorney, his law background helps him ensure that your estate plan will be tailored to your needs and goals and compliment your financial and tax plan. Greg can provide access to estate planning resources or work with your existing attorney to help protect you and your loved ones, making sure that your trust, Power of Attorney, and Healthcare Directives match your wishes and that your plan utilizes probate avoidance strategies whenever possible.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.