Estates, Trusts and Probate
Bailey Cavalieri LLC provides a
full range of estate planning services designed to achieve the
personal objectives of our clients. Our services include advice on
the transfer of our clients' assets in a manner consistent with
their personal goals and in the most tax efficient manner. Our
attorneys also have significant experience in succession planning
for owners of closely held businesses.
Our attorneys prepare wills, trusts (revocable and irrevocable),
powers of attorney, living wills, and charitable giving documents
tailored to the needs of the individual client. We also assist our
clients in maintaining the proper titling of assets. We review
carefully the income tax, gift tax, estate tax, and
generation-skipping transfer tax consequences of our planning
documents. We have extensive experience in the preparation of gift
tax returns for our clients. We also assist in planning and
drafting charitable giving alternatives, including outright
charitable gifts, charitable remainder and lead trusts, and
charitable gift annuities.
Probate and Trust Practice | Our firm
has significant experience in the representation of fiduciaries and
beneficiaries of estates and trusts. We provide counsel in all
areas of estate and trust administration. We prepare the necessary
federal and state estate tax returns as well as income tax returns
for estates and trusts.
Probate and Trust Litigation | Our firm
has been engaged to represent executors and beneficiaries on a wide
variety of issues relating to estate and/or trust administration.
We also have experience in litigation with respect to estate, gift
and income tax issues for trusts and estates.
Business Succession Planning | Business
succession planning is an extremely important consideration for
closely held businesses. Many businesses fail upon the retirement
or death of the primary owner because an effective succession plan
was never implemented.
A business succession plan includes not only business
considerations, but also personal and tax considerations. Our
lawyers are experienced in helping businesses plan for and
transition to the future.
Each business succession plan has unique components based on the
circumstances surrounding its owners and the likely successors. In
broad terms, business succession plans generally involve the
following:
- Reviewing and updating corporate books and records,
- Developing a strategy for succession,
- Monitoring the progress of the succession plan, and making
changes as business and other factors warrant it,
- Coordinating the plan with personal retirement planning,
and
- Coordinating the plan with business tax planning, individual
income tax planning, and estate and gift tax arrangements.
