Estate Planning

Attorneys in Taft's Estate Planning practice work with clients on a private and personal basis to help them pass their property to their families and to charities (private and public) both during lifetime and upon death. This personal planning takes into consideration estate, gift, generation-skipping transfer tax and income tax issues, as well as non-tax planning issues, such as closely-held businesses (including their succession), planning involving second marriages, and planning for special needs of children and other heirs. We analyze and implement tax reduction and asset protection strategies, help our clients plan for possible disability, and coordinate life insurance and retirement planning.

Visit our resource page for information on will preparation, estate tax planning, trusts and other topics.

Protecting wealth and legacy from generation to generation is a complex and challenging task, requiring thorough knowledge of numerous legal disciplines, experience, insight and creative thinking. We provide extensive counsel as we analyze each client's personal, business, and tax needs and intentions. We also serve the changing needs of growing entrepreneurs and start-ups as they seek increased personal representation.

As part of each estate plan, we prepare the needed legal documents, which might include:

  • Wills.
  • Revocable living trusts.
  • Irrevocable life insurance trusts.
  • Generation skipping and dynasty trusts.
  • Trusts for education of children and grandchildren.
  • Asset protection trusts.
  • Trusts for minor or disabled children or other beneficiaries.
  • Personal residence trusts.
  • Family LLCs & FLPs.
  • Financial durable powers of attorney.
  • Health care powers of attorney and living wills.
  • Mental health directives.
  • Charitable planning, including charitable remainder trusts, charitable lead trusts, and private foundations.

We guide our clients through the planning process, discussing the tax, family and business implications of the choices available. Our attorneys pride themselves on being clear in their explanations and responsive and careful listeners, as well as being technically skilled in drafting and planning. Our ability to help transfer wealth, navigate legacy issues and craft lasting documents with flexibility and vision enables us to provide superior service to our clients.

We enjoy getting to know our clients, their families and their businesses. Everyone, at one time or another, needs some aspect of estate planning. We are sensitive to the emotional and financial challenges faced by spouses who are suddenly widowed. We honor the grieving process and put measures in place to help the surviving spouse cope with the legal issues that ensue upon the death of a spouse. We further understand that the process can be stressful, but ultimately will provide peace of mind. A good estate plan not only can reduce taxes and ensure that property and businesses pass in the way our clients intend, but also reassures our clients’ loved ones that their welfare was considered in advance.

Members of the Estate Planning group lead professional estate planning organizations and are recognized in The Best Lawyers in America and other peer-reviewed publications and legal directories. We speak and publish on estate planning and tax topics and are deeply involved in our communities, making us excellent resources for our clients during the planning process.

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