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Practice Areas
Business Planning/ Corporate Law
Prepare and Review Contracts
Private Equity Investment
Asset Management and Protection
Estate Planning and Drafting Wills
Administration (Probate) of Estates
Tax Planning
Tax Controversies and Litigation
Contact Information


Our clients face important planning issues to preserve the wealth they have created for their families in the face of confiscatory estate and related taxes. BALYEAT + LANE is well versed in planning techniques that assist clients in coping with state/federal income and estate tax issues, including lifetime giving plans involving family limited partnerships, living trusts, grantor retained annuity trusts and charitable trusts. We work with clients to protect their businesses and assets through the use of limited liability entities such as limited liability companies, limited partnerships and corporations. We are skilled in helping clients form and implement estate plans that take into account tax issues, human factors, and financial management issues. Our goal is to create a comprehensive estate and retirement plan for each client that addresses tax, family, retirement, disability and financial objectives.

The informed and efficient administration of estates is also an essential part of our practice. The administration of a decedent's estate offers many opportunities for income and estate tax savings through careful planning. Valuation issues are often critical in larger estates and we have developed strong working relationships with valuation experts for many types of property. Working with such experts, we are able to support realistic valuations that take into account all appropriate considerations, including often overlooked factors favorable to clients.

Representative Matters:

•       Created coordinated plans for multiple generations of families involved in closely-held businesses with family wealth ranging from under $1,000,000 to over $80,000,000 that involve lifetime transition of wealth and business succession planning maximizing and leveraging gift, estate and generation-skipping tax exemptions and enhancing asset protection, utilizing strategies such as family limited partnerships, limited liability companies, sales of discounted interests to intentionally defective income trusts, use of grantor retained annuity trusts, qualified personal residence trusts, charitable lead trusts, charitable remainder trusts, and irrevocable life insurance trusts

•       Representation of widow in litigation involving funding of marital deduction

•       Post-mortem estate planning for estate, including a series of disclaimers for beneficiaries of estate, to eliminate substantial estate tax liability 

 

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