TRANSFER TAX PLANNING

Effective tax planning will not only lower income taxes while you’re alive by implementing optimal tax deferral and other strategies, but it will also free up cash for investment, business, or personal purposes. Effective tax planning should also address potential estate tax issues if appropriate. Gerard W. O’Brien clients significant sums of money by creating and implementing strategies designed to reduce the impact of taxes on property you own.

Where appropriate, Gerard W. O’Brien, will help you “freeze and fractionalize” your estate if you expect your material wealth to continue appreciating. We can freeze the value of your estate, so as your property appreciates, no additional taxes will be owed on that appreciation. There are numerous tools in the toolbox that we can implement to achieve your goals.

We can also fractionalize the value of your estate by splitting the ownership interests in the property. The goal is to reduce estate taxes by allowing us to discount the value of the property for tax purposes.

In addition, much of what we do is income tax planning with estate tax ramifications. O’Brien & Associates works with clients to create and implement strategies designed to reduce the impact of capital gains taxes on the sale of their property.

PRACTICE AREAS

SENIORS AND THE LAW | You as a senior have many rights and with those rights, protections. You need to know what your rights are and you need to how and when to assert them. We can help you.

ESTATE PLANNING | Your successor Trustee wants to complete the process as quickly as possible, while minimizing family disharmony.

RETIREMENT PLANNING | Maximize the benefits you have earned while preserving transferability, stretch, principal.

HEALTH CARE DOCUMENTS | You need a power of attorney for health care, a HIPAA declaration, and a living will. Without them your preferences during incapacity will not be followed.

ASSET PROTECTION PLANNING | Keep your assets out of the hands of creditors, predators, and the public treasury, ethically and legally.

ESTATE & GIFT TAX PLANNING | Effective tax planning will not only lower income taxes while you’re alive by implementing optimal tax deferral and other strategies, but it will also free up cash for investment, business, or personal purposes.

POWERS OF ATTORNEY | Perhaps the most flexible tool in an estate plan most people including many attorneys do not understand what can be accomplished using this device.

BUSINESS PLANNING | From years of planning experience, we have developed a systematic process that is both practical and client-friendly.

CHARITABLE GIFT PLANNING | Most people work to better not only their family's situation but the community they live in and the world in which their community is a citizen. We will help you transfer values as well as assets. Perhaps the most flexible tool in an estate plan most people including many attorneys do not understand what can be accomplished using this device.

PRIVATE FOUNDATIONS | Some families and individuals are charitably minded and interested in directing their gifts to charities over an extended period of time. These people often find Foundations the right choice to accomplish this goal.