Boston Metro Area Estate Planning Lawyer
An estate plan can accomplish many goals for individuals and business owners alike. I provide comprehensive estate planning services. The services are designed to identify clients' goals and devise strategies to meet those goals. Whether you have significant property and assets or are the owner of a closely held business, the office can establish an estate plan to reach your goals.
I provide state planning services that maximize asset protection, minimize estate tax and ensure proper wealth transfer. Call the office at 978-745-7456 to arrange your free initial consultation. You can also email the office and someone will be in touch with you promptly.
Estate Planning for Individuals and Families - Salem, MA
I will work closely with you to determine your family's objectives. I will then design an estate plan that achieves your objectives with the lowest tax consequences possible. I handle estate planning from individuals to executives or business owners. Additionally, the office represents individuals with limited resources whose primary objectives are to protect their minor children and interests after they pass away.
Estate planning services include:
- Wills
- Trusts
- Tax planning
- Special needs issues (trusts, guardianships and conservatorships)
- Health care proxies
- Health care directives
Estate Planning for Closely Held Business Owners
In partnership with our business law practice, I address the issues that are specific to owners of closely held businesses. Closely held businesses generally have no liquidity; the value is entirely within the business itself. Owners of closely held businesses may want to allow the business to continue operating, sell the business, and ensure there are sufficient funds to take care of their family and taxes. The family's financial and estate concerns must be taken into consideration at every step of the process. Special consideration include placing real estate in the name of children or designating separate funds for each spouse to maximize tax savings. I employ creative, practical strategies to meet business owners' goals.
Innovative and Practical Estate Tax Planning
In partnership with the estate planning practice, I can ensure your family's objectives are met with minimum tax obligations. I create vehicles designed to specifically minimize or defer federal and state estate tax. The creation of trusts is one of many options that may be advisable. I am dedicated to establishing the correct device given your objectives. Types of trusts include the following:
- Living trusts
- Qualified personal residence trusts
- Life insurance trusts
- Irrevocable life insurance trusts
- Charitable trusts
It is important to note that Massachusetts estate tax is decoupled from federal estate tax. Therefore, a person or couple must plan separately for federal tax and for Massachusetts tax. Additionally, a person's estate that does not meet the federal exemption amount may be subject to state tax because of real estate, life insurance or other assets.
Are you interested in scheduling your free initial consultation to discuss your specific estate goals? Contact the office today or call 978-745-7456.