Estate Planning

Byrne Law provides services that help clients navigate the one of the most neglected parts of financial planning: estate and succession planning. It is easy to avoid the uncomfortable question of “What happens to my assets and my loved ones when I die?” Roughly half of Americans do not have a will, and even less have estate or succession plans. Effective estate planning starts with a diligent, thorough assessment of a client’s intentions, needs, life events and financial interests. Health problems, property acquisition and disposition, marriage, parenthood, divorce, and the structure of one’s business are all important events that can impact the structure of how you should plan for the future. It is important to makes your wishes known to heirs and the court, and to provide clear direction to your executors and agents.

Byrne Law provides services in estate planning including the creation of asset protection and distribution vehicles such as simple wills, wills including testamentary trusts, property and digital powers attorney, living trusts, generation-skipping and dynasty trusts, gift and minor’s trusts, trusts for disabled beneficiaries, irrevocable life insurance trusts, and family limited partnerships to charitable trusts, private foundations, intrafamily sales and loans, leveraged wealth transfer techniques such as grantor retained annuity trusts, unitrusts and personal residence trusts. We also routinely help our clients designate agents to make financial and health care-related decisions on their behalf through vehicles such as living wills/advance medical directives, and health care powers of attorney. We work with individuals, couples, extended families, and their business entities, and closely collaborate with their accountants, financial planners, asset managers, insurance agents and other advisors to protect and distribute assets and minimize tax burdens. For clients with business interests, Byrne Law can help you develop a comprehensive succession plan. Your lawyers can integrates estate and succession planning services with our full range of business services, including choice of business entity, entity creation and corporate-level tax planning.