Texas Estate Tax Planning - Living Trusts, Family LLPs

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For families with extensive asset portfolios ranging from closely held business assets to real estate investments or executive compensation, planning for the minimization of federal estate tax liability will form an essential aspect of your broader estate plan strategy. To learn about your options for protecting your estate from unnecessary tax exposure, contact an experienced Texas wills and trusts attorney at Lorenzana Law Firm, P.C. in Austin.

Our lawyers have the familiarity with both advanced estate planning techniques and the Internal Revenue Code necessary to guide you around tax pitfalls that can frustrate your intentions with respect to wealth preservation and the eventual disposition of your assets. Among the estate plan options we can explain and present for your consideration are the following:

• Family limited partnerships
• Marital property agreements or postnuptial agreements
• Business succession planning
• Grantor retrained unit trusts of various kinds
• Living trusts
• Generation skipping trusts
• Life insurance trusts
• Charitable or educational trusts

Aside from managing your estate's exposure to tax liability, our estate tax planning services can achieve a number of other objectives for you and your family: looking ahead to the eventual transition of your business management structure, planning for the tax treatment of appreciation in your business equity over time, or even anticipating the need for long-term disability care through Medicaid planning.

Our clients include entrepreneurs, professional practice groups of physicians, veterinarians, or realtors, and the principals of successful closely held corporations. As well as drafting trusts for achieving tax planning goals, we also review and revise existing estate plans to make sure that recent revisions in federal tax law or IRS interpretations do not adversely affect your interests. To learn more about our experience in the preparation of dependable estate planning instruments, contact Lorenzana Law Firm, P.C. in Austin.