Tax Planning

Estate planning for business owners and high-net worth individuals is much more complicated than basic estate planning to include creating a will and designating a power of attorney (this word should link through to resources and the definition). Estate planning is a life-long process for wealth-management, retirement planning and creation of a family legacy. The law firm of Altman & Associates, specifically, Gary Altman has a background in high-level tax planning for corporations and wealthy individuals. His L.L.M degree in taxation from Georgetown University along with over 15 years of tax experience has given him the unique knowledge necessary to handle this complex area of law. Mr. Altman applies this experience to help individuals and families pass on their wealth in the most tax efficient manner to include all aspects of income, gift and estate tax planning and establishing charitable trusts and private foundations. Examples of such techniques would include:

Testamentary and Living Trusts
Insurance Trusts (ILIT's)
Qualified Personal Residence Trusts (QPRT's)
Generation Skipping Trust's (GST)
Dynasty Trusts
Intentionally Defective Grantor Trust's (IDGT)
Grantor Retained Annuity Trust's (GRAT's)
Charitable Remainder Unitrusts and annuity trusts (CRUT's and CRAT's)
Grantor Retained Income Trust's (GRIT's)
Charitable Lead Trust's (CLT's)
Family Limited Partnership's (FLP's)
Family Limited Liability Companies (LLC's)

The law firm of Altman & Associates provides tax advice for our estate planning clients who own sole proprietorships, general and limited partnerships, corporations and limited liability companies, from organization through operation to succession. Because every client's situation is unique, there is no single cookie-cutter approach a lawyer can follow to create the estate plan that is right for your unique situation. Contact the estate planning lawyers at Altman & Associates today. We invite you to visit our offices and speak with our legal team in how we can assist you in organizing your personal and business affairs today.