Navigating the estate and gift landscape requires the help of trusted advisors. LKB can help you make sense of this increasingly complex area.

We take a team approach in working with a client’s estate attorney to develop, monitor, and update an estate plan as needed or we can help a client decide if an estate plan suits their needs. We can also recommend estate planning attorneys if no relationship exists (combine these sentences please) as well as work with a client’s investment and other professional advisors, ensuring the proper transfer of knowledge between all parties.

Estate and Gift Planning Services Include:
  • Development of estate plans to reduce estate and gift taxes while achieving the family’s goals
  • Development of family gift giving programs
  • Creation and implementation of business succession plans
  • Development of testamentary plans to minimize taxes
  • Creation of strategies for using inter-vivo trusts
  • Design and implementation of charitable-giving strategies to minimize estate, gift, and income taxes
  • Planning for Individual Retirement Accounts (IRAs) and qualified plan distributions to maximize family wealth and minimize taxes
  • Preparation of business valuations to be utilized in effectuating lifetime gifts to minimize estate and gift taxes
  • Assisting clients in identifying long-term care and life insurance needs and implementing solutions
Trusts and Estates Administration Services Include:
  • Preparation of judicial and non-judicial fiduciary accountings
  • Post-mortem planning, including use of disclaimers, redemption of closely held business stock, and allocation of generation-skipping transfer tax exemption
  • Working with attorneys, executors, trustees, and beneficiaries to minimize gift, estate, and income taxes
  • Assist executors in navigating the estate administration process including marshalling assets, obtaining appraisals, and distributing estate assets
  • Preparation of federal and state gift tax returns
  • Preparation of federal estate tax returns (Form 706) and applicable state inheritance or estate tax returns
  • Preparation of federal and state fiduciary income tax returns including income tax planning to minimize taxes
  • Preparation of federal and state charitable trust information returns