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Estate Planning

New laws, an uncertain tax environment and changing economic conditions can make estate planning a challenge. For over 30 years, FGMK's Estate Planning Practice has been helping individuals and families plan for the future with a host of estate planning services. With a focus on minimizing tax implications, our estate planning process includes:

  • Examining your current circumstances
  • Identifying your goals and objectives
  • Evaluating your current estate plan
  • Developing a revised estate plan, if necessary
  • Helping you take action to implement the estate plan
  • Providing periodic review of the estate plan
  • Working together with your attorney
  • Effective planning for a liquidity event

These crucial services are provided by FGMK's Estate Planning Practice with an eye toward the implications of the estate plan on the family business, its cash flow and its succession plans and needs.

Effective estate planning allows you to maintain your current lifestyle while efficiently transferring assets to the next generation or to charity. This planning will enable you to minimize the impact of taxes on your estate. You should begin estate planning today because there is no guarantee you'll have time in the future. The end product of the estate plan will be:

  • Preserving the assets you've spent a lifetime building
  • Protecting your spouse, children and other heirs
  • Ensuring that your assets are distributed how and when you want them to be
  • Reducing the amount of estate tax that will be due
  • Providing for charity if that is part of your plan.
  • Maximizing step-up in basis

Areas of expertise and compliance central to our Estate Planning Practice include:

  • Gift planning
  • Gift tax return preparation
  • Estate tax return preparation (Form 706)
  • State inheritance tax preparation and planning
  • Trust planning and trust tax return preparation
  • Family partnerships
  • Freeze partnerships
  • Sales to defective grantor trusts
  • QPRTS, GRATS, Charitable trusts
  • Private foundations
  • Investment review
  • Valuation services
  • Life insurance planning and analysis


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