Revocable Living Trust Formation
A revocable living trust can help you distribute your estate according to your wishes, while largely avoiding probate. A revocable living trust can also ensure that your assets are competently and continuously managed in the event you are unable to do so.
At The Grupp Law Firm LLC, we ensure that you and your loved ones will be taken care of according to your wishes by drafting a revocable living trust specifically tailored to the unique dangers, opportunities, and strengths associated with your family and its Wealth.
Many affluent individuals are worried about being sued. Asset protection planning is proactive legal action designed to safeguard your assets from unjust loss due to catastrophes, potential creditors, litigants, children's spouses and potential ex-spouses. The Grupp Law Firm helps you identify and prepare for these situations.
Many of these risks can be managed through business processes, employment agreements and buy-sell agreements, asset protection trusts, and limited liability entities. These techniques can deter lawsuits, provide settlement negotiation power, and help prevent attachment from various types of creditors.
The availability of these techniques requires careful evaluation of your specific situation and the Uniform Fraudulent Conveyance Act. Please be advised, our opportunity to engage in Asset Protection planning is seriously curtailed if you wait for litigation to arise—prepare well in advance of litigation risk.
Advanced Estate and Gift Tax Planning
Successful estate plans often require sophisticated strategies and extensive knowledge of best practices to minimize your tax burden, protect your assets, and plan for your family and wealth. Our team has decades of experience in these areas. We provide these services for your family to build its multi-generation legacy. They include:
- Wealth Enhancement strategies aimed at tax mitigation;
- Wealth Transfer strategies using the most tax-efficient way to pass assets to loved ones in ways that meet your wishes;
- Wealth Protection strategies that protect your wealth against catastrophic loss, potential creditors, litigants, children's spouses (and potential ex-spouses) and identity thieves; and
- Charitable Giving strategies so that you can make meaningful gifts to the causes you are passionate about in the most impactful way possible. We facilitate philanthropy through direct gifts, charitable trusts, donor-advised funds, or private family foundations.
To learn more about our Estate Planning techniques, contact The Grupp Law Firm LLC today.