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Estate Planning

Preserving wealth from one generation to the next can be complex and time-consuming. Guidance from a competent, experienced advisor is invaluable in helping make sure your financial success is shared with your family, friends and the charitable organizations you designate, according to your wishes.

We will help you articulate your estate planning goals and we will work closely with your tax and legal advisors to ensure your strategy reflects your estate planning needs. Whether you utilize trusts or other methods for accomplishing your long-term estate planning goals, we can assist you in navigating today’s complicated tax and estate laws.

The understanding you seek for the strategies you require
With estate taxes ranging from 35 to 50% of all estate assets, time spent developing your strategy is a highly valuable use of your time. However, thoughtful and efficient planning for a significant estate requires deep understanding of complex tax and estate laws and the combined expertise of legal, tax, investment and insurance professionals. At Duncan & Haley, Ltd. we bring extensive experience and understanding of both private client and benefit arrangements to help maximize the efficiency and effectiveness of your plan.

Our Comprehensive Wealth Management System, allows us to work in concert with legal and tax counsel to deliver meaningful information about choices and structures available to you. Our system, which is continually updated with your asset values, can model and track many sophisticated strategies, including:

QPRT – Qualified Personal Residence Trust – pass your house on in a tax efficient manner

GRAT – Grantor Retained Annuity Trusts – lend assets to a trust with a low interest rate; growth remains in trust and is passed on free of estate tax

NIMCRUT – Net Income Makeup Charitable Remainder Unit Trust – distributes tax efficient income in conjunction with gifts to charity

ILIT – Irrevocable Life Insurance Trust –keep life insurance out of your estate tax calculation while gaining creditor protection 

Family Ltd Partnership – gives structure to a family business and also provides for discounted gifting and purchases

LLC – Similar to Family Limited Partnership

Our system can model these strategies on an individual level or in concert with one another, and models are continuously updated within the system as your assets and debts fluctuate.

The Result:  Gain the confidence you seek through a continuously up-to-date (by the minute), living, breathing estate and financial plan.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.