Passing on your legacy through gifting and inheritance can be one of the most rewarding events in a person’s life. Unfortunately, the IRS and state laws can complicate the process and result in undesirable tax consequences.  In recent years the rules for lifetime gifting have been amended, but navigating the statutes can be a cumbersome and complex process.  Similarly, receiving an inheritance can be a heart warming, exciting, and occasionally a some what uncomfortable experience.  Often times we have trouble answering questions such as, “How should I feel?” and “What should I do with it?”.  Estate Legal Services works with people on both sides of gifting and receiving assets.  Our services include:

• Establishing trusts to avoid estate taxes
• Developing plans to release assets at predetermined dates, ages, or occasions
• Creating solutions for loved ones who can’t care for themselves
• Advising on what to do with assets when they are recieved
• Deeding assets to trusts and heirs
• Advice on gifting while avoiding disruption of Social Security and other government benefits