Federal Estate Gift and Generation-Skipping Tax Planning

Our attorneys assist clients in creating trust arrangements (family limited partnerships and limited liability companies) to shelter as many assets from federal estate, gift and generation-skipping taxes as possible. These arrangements often allow clients to provide beneficiaries with asset management services, protect assets for family members and leverage tax exemptions so that assets may be transferred at the lowest overall tax cost. Such arrangements include:

  • Generation-skipping trusts
  • Irrevocable Life Insurance Trusts (ILITs)
  • Irrevocable Gift Trusts (IGTs)
  • Family Limited Partnerships (FLPs)
  • Limited Liability Companies (LLCs)
  • Qualified Personal Residence Trusts (QPRTs)
  • Grantor Retained Annuity Trusts (GRATs)
  • Sales to Grantor Trusts