There are many facets to estate planning. Matthew Grupp, the Managing Attorney of The Grupp Law Firm, PLLC, brings his extensive experience in representing individuals with substantial net worth, including entrepreneurs, corporate executives, and families with inherited wealth to produce a thorough and beneficial plan for your personal needs. He and his handpicked team guide clients through a multi-step process to assess and procure an efficient plan of action. It is important to remember that there is no one answer to solving estate and tax issues. Proper planning generally requires a combination of several methods of planning, which may include Financial, Life Insurance, and Advanced Estate Tax Planning.
Additionally, it is crucial to be aware that Congress imposes a gift tax on assets you gift to your family while you are living. At the Grupp Law Firm, we explain to clients what how this pertains to their circumstances and advise them as to how best to deal with this gift tax.
Two principles guide advanced estate planning:
- Non-Taxable Assets should be distributed to Taxable Beneficiaries and Taxable Assets should be distributed to Taxable Beneficiaries (use slide); and
- Maximize the use of Non-Taxable Assets.
For further inquiry or to speak with a member of our team, contact The Grupp Law Firm, PLLC today!