We work with you and your legal counsel to develop an estate plan that distributes your assets as you see fit. The estate plans often include strategies for accumulating and saving assets and property as you enjoy your retirement. Typically, the plan includes provisions for the continuity of your business and caring for those important to you. Many plans include a comprehensive approach to charitable giving. Plans provide direction to the estate administrator with an eye on managing administration costs.

Planning to Hand Down That Cabin at the Lake? Gift Now or Pay Later
by Bob Sullivan, Principal

Give a gift to your child now to avoid a large inheritance tax later. Giving property, investment assets or shares in the family business offers important tax savings. Beyond that, you can assess how your child will handle the new responsibilities of property ownership, additional income or the family business... (more)

Focus areas:

• Developing and formalizing family wealth preservation plans.
• Analyzing family wills or trust agreements to determine the impact of changes in your family, tax laws or your financial situation.
• Assessing your current tax liability.
• Developing savings strategies for your estate.
• Establishing a succession plan for your closely held business.
• Creating a lifetime gifting program with vehicles such as family limited partnerships and charitable trusts.
• Communicating your wishes to your family, supported by a personal instruction letter.
• Implementation of the estate plan.

Contact information for Principal in Charge:
Alan B. Griffith
310-432-7407
agriffith@sjaccounting.com

 
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