Thinking about what will happen to your family and your assets after you are gone is difficult to do, but it is necessary if you want to avoid or reduce taxes and expenses associated with the probate process, which end up reducing the amount to be received by your loved ones.
Carefully planning for the future can help you achieve your ultimate goals, may it be wealth preservation, tax minimization or simply arranging for the disposition of assets at death. The ultimate goal of estate plan is determined by the specific goals of the client and may be as simple or complex as the client’s needs dictate.
At Brunoro Law we work to promote family harmony and create a smooth transition of asset management using Revocable Living Trusts and Wills, Family Limited Partnerships and other entities. We also assist with creation of charitable trusts and private foundations to meet planning and philanthropic goals. Lastly we help implement estate reduction through gifts, Irrevocable Trusts, Qualified Personal Residence Trusts and other techniques.
<h2 Families whose members reside in different countries are faced with various challenges when planning for the proper administration of their assets as they are passed from one generation to the next. We work with foreign counsel to understand the family’s short and long term objectives and implement a legal structure that will function as desired in every applicable legal jurisdiction while minimizing the worldwide effective tax impact.