Wealth Transfer Planning: a Lifetime Process
Wealth transfer planning is, or at least should be, about more than a one-time transfer of wealth through a will, trust entity or probate. A comprehensive plan should take full advantage of existing opportunities to minimize taxes and maximize the value of your estate, and integrate other estate planning tools such as durable powers of attorney for health care and finances, guardianship designations, business succession plans and gifting.
At Dugalic & Landau, PC, we help individuals and families in Pennsylvania and New Jersey to understand what wealth transfer planning is, how it works and which options are best-suited to meet their specific needs. Offering extensive experience with wealth transfer and asset protection planning — and an almost exclusive focus on estate, probate and elder law-related issues — our attorneys are prepared to start helping you develop a comprehensive, fully-integrated plan today.
Even if you have not accumulated what you consider to be any appreciable wealth — it is never too early to consider wealth transfer planning. Talk to our lawyers about your situation, your concerns and your options. The consultation is free; simply contact us online or call our offices directly to arrange it.
Wealth Transfer Planning Tools
Wealth transfer planning can be accomplished in many different ways and through many different vehicles, including:
- Family limited partnerships (FLPs)
- Special needs trusts
- Grantor retained interest trusts (GRITs)
- Grantor retained annuity trusts (GRATs)
- Intentionally defective grantor trusts (IDGTs)
- Qualified personal residence trusts (QPRTs)
- Charitable remainder unitrusts (CRUTs)
- Charitable lead annuity trusts (CLATs)
These and other wealth transfer tools offer different advantages in different situations. Some are fairly simple and straightforward. Others are complex and very limited in purpose. In any case, the tools and strategies that will work best for you will depend on your situation and individual goals. Our lawyers will help you to identify specific needs, clarify goals and develop a plan to accomplish them.
We offer free initial consultations, speak Serbian, Croatian, Russian and French and maintain Philadelphia area offices in Upper Darby and Conshohocken, as well as a Mount Laurel, New Jersey, office. Schedule a free consultation today by calling us locally at 610-624-4634, toll free at 1-888-309-6712, or by sending us a brief e-mail message.
