Cohen & Caproni

If you have assets worth more than $5,430,000 (including life insurance that you own and retirement plan assets), your estate may be facing an estate tax liability. Estate taxes are, in many cases, avoidable with proper planning and time to implement the planning.

There are a number of estate planning “tools” that may be appropriate for your situation, including Wills, trusts (whether lifetime or testamentary), family partnerships or LLCs, life insurance trusts, grantor retained annuity trusts or unitrusts, charitable remainder trusts, and charitable lead trusts.

The structure chosen for a business can make a big difference in the liability exposure of the owners and the income tax burdens of owning, operating, and/or selling the business. We assist clients in deciding whether to form a corporation, limited liability company (LLC), or a general or limited partnership. 

Family owned businesses create special opportunities and challenges. The business is often the primary source of the family’s income and net worth. Proper planning can improve the chances that the business can continue to grow and prosper…