Tax Planning

We work diligently with our clients who exceed the taxable estate threshold to ensure that their estate plans are as tax-efficient as possible. We stay apprised of the latest changes in tax law to advise our clients on the best strategies to minimize their tax exposure and maximize their savings. This includes utilizing our expertise in generation-skipping transfer tax and marital deduction planning.

Our team has experience drafting a variety of irrevocable trusts, such as spousal lifetime access trusts, qualified personal residence trusts, grantor trusts, non-grantor trusts, charitable lead trusts, charitable remainder trusts, and more. Our practice also includes trust modifications, sales and loans to individuals and trusts, decanting, non-judicial settlements, and tax preparation (Forms 706 Estate Tax Return and 709 Gift Tax Return).

We advise on lifetime gifts, business succession planning, and charitable giving to ensure that clients are in the best position from both a personal and tax perspective to transfer and preserve their wealth.

At Illumine Legal LLC, we offer comprehensive tax preparation services that complement our estate planning expertise. For clients with taxable estates, we assist with the preparation of complex tax forms, such as Forms 706 (Estate Tax Return) and 709 (Gift Tax Return). These filings are essential for managing the tax implications of significant lifetime gifts and estate transfers.

At Illumine Legal LLC, our tax attorneys provide guidance on both short- and long-term financial health, helping you navigate the complexities of estate and tax planning. We work with you to develop strategies that minimize tax liabilities while aligning with your broader wealth preservation goals.