Domestic Estate Planning
The design and implementation of estate and wealth-transfer plans is an essential component of the firm's practice. In addition to comprehensive wills and management trust vehicles crafted to meet client's goals regarding the testamentary disposition of property and minimize the exposure of assets to estate, gift, income, and generation-skipping transfer taxes at death, the attorneys at GSBT employ various tools, such as revocable and irrevocable trusts, life insurance trusts, grantor trusts, qualified personal residence trusts, generation-skipping trusts, and beneficiary designation planning for IRAs, qualified plans, and other employee benefit plans in order to maximize the value of assets that can be transferred to successive generations. An integrated estate plan also involves tax and entity planning and charitable planning, and in some cases, offshore life insurance planning and international estate planning is appropriate. GSBT provides expertise in all of these areas.