Tax Planning
Tax and Advanced Estate 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, etc. 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. See our Charitable Planning page to read more about how we might be able to assist in that space as well.
Tax Efficiency and Planning
Trust Services and Expertise
Comprehensive Wealth Transfer and Preservation
Tax Preparation
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. With our deep understanding of both tax and estate law, we ensure that these returns are completed accurately and efficiently, aligning with your long-term goals.
Our team also provides strategic advice on charitable giving and lifetime gifts, helping you optimize your tax situation while securing your legacy. We simplify the tax filing process, ensuring compliance with tax regulations and allowing you to focus on preserving your wealth for future generations.
Trusted Tax Attorneys
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. From structuring trusts and charitable giving to managing business succession planning, we offer personalized advice tailored to your specific needs.
Our clients trust us not only for our legal knowledge but for our commitment to their financial success. With Illumine Legal LLC, you can be confident that your tax and estate matters are handled with expertise and care.