Estate Planning
At Weston Patrick, we believe that successful planning requires personalized attention to the wants and needs of our clients. Our attorneys take a dedicated team approach to crafting estate plans that merge high level tax analysis, practical application and compassionate understanding of complicated inter-family dynamics. Comprised primarily by attorneys specializing in tax law, our group is constantly monitoring changes in Federal and State law so that we can confidently recommend the most effective strategies to our clients. Weston Patrick attorneys are well-versed in all aspects of estate planning, disability law planning, charitable gift planning and tax minimization, including the following:
- Marital deduction planning through the use of Wills, Revocable Trusts and Irrevocable Trusts
- Pre-Nuptial and Post-Nuptial Agreements
- Same sex marital planning
- Preparing for incapacity through the preparation of Durable Powers of Attorney, Health Care Proxies and Designation of HIPAA Representative
- Asset protection planning through the formation of limited liability companies (LLC) and limited partnerships (LP) and Pre-nuptial Agreements
- Succession planning for entrepreneurs and executives, such as the drafting of buy-sell agreements and Qualified Sub-Chapter S Trusts (QSSTs) and the sales of closely-held business interests through the use of Self-Cancelling Installment Notes (SCINs) and private annuities
- Life insurance and estate liquidity planning, including employer and private split-dollar arrangements and irrevocable life insurance trusts (ILITs)
- Gifting plans to foster inter-generational involvement in investment of assets, and wealth transfer purposes, through the creation of Grantor Retained Annuity Trusts (GRATs), sales to intentionally defective grantor trusts, private annuities and family LLCs and LPs
- Generational planning through the use of Dynasty Trusts to avoid the rule against perpetuities and to exempt assets from generation-skipping transfer and estate taxes
- Charitable planning using retained interests trusts (CRTs), Charitable Lead Trusts (CLTs) and Private Foundations
- Disability planning through the creation and administration of Special Needs Trusts
- Post-Mortem Planning through the use of disclaimers and declaratory judgments