Estate Planning is a broad practice area that encompasses the protection of assets and the proper planning to ensure that a client’s estate passes as they desire at the lowest possible transfer tax cost. It is especially important to properly plan for the estate of an owner of a closely-held business. A family or closely-held business may be plagued with liquidity problems, difficulties in valuation, and conflicts associated with the transition of ownership or management of the business. LMAB attorneys are skilled in counseling individual clients and helping them to create plans that are specifically tailored to their personal goals, while eliminating or minimizing adverse tax consequences. LMAB offers a wide array of estate planning services, including not only the preparation of wills and trust agreements, but also a variety of more sophisticated planning devices for the disposition of family wealth, the protection of assets from creditors, and the sheltering of assets from income, gift, estate and generation-skipping transfer taxes. Our estate planning services include the following planning techniques:

  • Family Limited Partnerships;
  • Irrevocable Life Insurance Trusts;
  • Pre- and Post-Marital Agreements;
  • Generation-Skipping/Dynasty Trusts;
  • Charitable Remainder Trusts and Charitable Lead Trusts;
  • Grantor Retained Annuity Trusts;
  • Sales to Intentionally Defective Grantor Trusts;
  • Qualified Personal Residence Trusts;
  • Self Canceling Installment Notes;
  • Private Annuities; and
  • Formation and Operation of Private Foundations and Public Charitable Organizations

In addition, LMAB has extensive experience handling probate matters, advising fiduciaries on the administration of estates and trusts, and handling litigation involving estate and trust matters, including will contests.