Estate Planning and Charitable Giving

Estate Planning refers to a very broad category of tax strategies that are applicable to transfers of wealth between generations or to charities. These strategies are mostly for high-net worth individuals; however, families at most every level of wealth should have a tax efficient plan in place to ensure that a person's final wishes are properly carried out.

The federal and state governments impose a very large tax on estate transfers for high-net worth individuals that are subject to it. Fortunately, there are a wide variety of strategies that a tax advisor can deploy to minimize the total tax that a descendent actually bears. Although by no means an exhaustive list of tax strategies that we advise our clients upon include:

Credit Shelter Trusts
Gifting Strategies
Charitable Trusts
Generation Skipping Trusts
Family Limited Partnerships and Valuation Discounts

Finally, a person should not assume that Estate Planning is something that only the very wealthy need to concern themselves over. Bereavement is often the worst time for stricken family members or loved ones to attend to potentially divisive financial matters. Additionally, if a will is not properly drafted, unnecessary legal expenses can occur that can quickly drain a small estate. At Turquoise Financial Advisory, we have the background to advise the proper estate strategies for almost any level of wealth.

Taxes
	Tax Returns Estate Planning Retirement Planning IRS Representation Tax Planning International Tax Planning

also see Financial Advisory
	Financial Planning Investment Planning Financial Consulting