Effec
tive estate and gift planning facilitates the orderly
transfer of assets to your beneficiaries, provides security for your surviving
spouse, and can reduce or eliminate the tax due on the transfer of your
business and other assets. Estate planning also increases the efficiency with
which an estate can be settled. Effective estate planning may include the use
of trusts, a will, business succession planning, consolidation of investment
accounts, charitable contributions and gifting, as well as the creation of
specialized entities such as family limited partnerships and irrevocable life
insurance trusts.
Due to the complexity of estate planning, it is common to
have an estate attorney and an accountant working as a team to efficiently
organize an estate. At Daniels, Uselton, & Clay, P.C., we also have several
estate attorneys to recommend to you.
For business owners, providing for business continuity and
succession of ownership is essential. Often times, a life insurance-funded buy
sell agreement can provide the necessary liquidity to purchase ownership in a
partnership arrangement. We can guide you through the complex process of
getting your business affairs in order.
Well-organized estates may involve all of the following:
- trusts
- insurance policies
- wills
- charitable giving
- retirement accounts
- business succession plans
- state taxes
- bureaucracy
- probate courts
- unfair appraisals
- health care concerns
- IRAs
- 401Ks
- annuities
- burial or cremation costs
- intent regarding death-postponing treatment
Every estate planning situation is different. In order to
help you, we want to know you, your unique situation, and the nature of your
relationships. We offer discussion, recommendations and useful research tools to
make your planning simple, efficient, and worry-free. Due to the variety of
professionals required in estate planning, it is a process that needs to be
lead and orchestrated by someone you trust with years of experience. Daniels,
Uselton, & Clay, P.C. has that experience and we can guarantee our trust. We
are available throughout the process for further discussion regarding
questions, change of circumstances, and alternatives. At every step, we'll be
there with you. We look forward to developing and coordinating a comprehensive
estate planning strategy that best meets your needs.
We help you...
- Clearly define your estate
planning goals.
- Organize and create your
estate planning team (experts on law, finance, and taxes) if you need one.
- Evaluate and recommend estate
planning options.
- Prepare, organize and review
your estate planning documents including current wills, trusts, health
care and power of attorney.
- Decrease the problems and
expenses associated with probate.
- Lessen taxes at time of
death.
- Arrange for management of
your estate in the event you are incapacitated.
- Draft a working plan for
conserving and effectively managing your estate after death.
- Transfer the assets of your
estate to heirs the way you want.
- Organize fair and adequate
liquidation of estate to cover taxes and other expenses.
- Amend your plan as needed.
You also get help with...
- Living Wills and Trusts.
- Lifetime Family Wealth
Transfers.
- Family partnerships and other
business relationships.
- Leaving money to charities.
- Preparation for estate and
trust tax problems.
The hassles and red tape associated with estate planning can
be daunting, but you don't need to do it alone. Our team is waiting to assist
you through every step of the process.
Please contact Keith Uselton at keith@ducpa.com
for more information.
