Estate Planning
Embrace the Future
You wouldn’t give up control of your assets without good reason, yet without a well-constructed estate plan, that’s exactly what you’re doing. More than simply writing a will and dividing property, a proper estate plan takes every advantage of legal and regulatory benefits while avoiding excessive taxation and other pitfalls. We will work with your advisors—legal counsel, personal CFO, brokers and others—to create a plan that helps you control the disposition of your wealth.
Clark Nuber can help you through the maze of strategies: Family Limited Liability Companies, annual gifting, 529 College Savings Plans, Qualified Subchapter S Trusts, Charitable Remainder Trusts and so on. Even if you have a solid plan, when was the last time you conducted a detailed review of it? If you have experienced major events—birth, death, marriage, divorce, moving to a new state, business changes or changes in the value of your assets—you need to re-examine your plan in light of them. Let Clark Nuber help keep your estate plan current, coherent and effective.
An Innovative Approach
Over our many years of experience in the estate planning process, we have developed proven strategies to ensure your property goes where you want it to go:
- Providing for the whole family: Learn how to leave your assets to your children, free of estate taxes, without affecting your spouse’s financial security. Your spouse can continue to receive income from the assets or have access to the principal for maintenance and health care costs, while your children do not have to pay estate taxes.
- Property management strategies: Did you know that you can give away your property while you are alive yet stay in control of it? In fact, you can keep control of the property without keeping it in your estate. In addition, as the manager of the property, you can place limitations on its ownership and use, which discounts the value of the property. The discount, in turn, lowers the gift tax.
- Life insurance strategies: You needn’t include life insurance proceeds in your taxable estate. Life insurance trusts have become important estate planning tools ever since the generation-skipping tax exemption came on the scene. It’s a great way to pass wealth directly to your grandchildren while minimizing estate taxes at the same time.