Trusts & Estates

Riemer & Braunstein provides comprehensive estate planning services, as well as assistance in probate court matters and the administration of trusts and estates. In every case, our objective is to create a plan that meets the unique needs and goals of the individual, while addressing the tax and non-tax issues of transferring assets during the client's lifetime or upon the client's death.

These plans often involve the creation and administration of living trusts, traditional pour-over trusts, and other tools that are suitable for an individual, business group, or family from a tax, personal, or business planning standpoint. Some of the more frequently used tax planning services include:

  • Irrevocable and revocable trusts
  • Powers of attorney
  • Health care proxies
  • Living wills
  • Trusts designed to address particular family concerns, such as the special needs or circumstances of children

Attorneys in the trusts and estates group work with clients to identify and develop their goals for the transfer of assets during their lifetime or after their death. The planning process addresses various tax issues, special concerns raised by individual family situations, and the needs of particular beneficiaries, asset preservation and protection for individuals and families in businesses that create unusual risks, and the implementation of other appropriate planning tools and strategies.

Estate planning also frequently involves our clients' business planning concerns. In this context, our attorneys work closely with our corporate group and the clients' other professional advisors. Such business planning may require coordinating the estate planning of two or more generations while at the same time minimizing tax burdens to ensure that the family business will continue to thrive. Often, planning must be coordinated for several business participants to ensure that all expectations are met in the event of a death, disability, or the possible future dissolution of a business entity.

The planning process addresses tax issues, the concerns and needs of family members and beneficiaries, asset preservation and protection, and the implementation of other appropriate planning tools. These tools may include powers of attorney, health care proxies, or living wills. All of them are designed to meet our clients' individual needs at a time when they would benefit from the best possible advice in situations such as these:

  • Gifting residences to children in a way that protects them from potential creditors
  • Helping families establish guardians for their young children
  • Structuring trusts for families that include children from previous marriages
  • Creating family limited partnerships that will enable family businesses to be transferred to younger generations
  • Presenting clients with charitable giving options
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Allison M. McCarthy