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Effective estate tax planning is crucial for preserving your wealth and ensuring that your assets are distributed according to your wishes while minimizing tax liabilities. At LMB Partners, we provide expert estate tax planning services to help you navigate complex tax regulations, implement strategic plans, and protect your legacy. Our experienced attorneys are dedicated to creating customized solutions that align with your financial goals and family needs.


Our Services


Comprehensive Estate Tax Planning


We offer a range of services to develop a thorough estate tax plan tailored to your specific situation:

  • Initial Consultation: Assessing your financial situation, assets, and goals to develop a personalized estate tax plan.

  • Tax Liability Assessment: Evaluating potential estate tax liabilities and identifying strategies to minimize tax exposure.

  • Planning Strategies: Designing and implementing strategies to reduce estate taxes, such as gifting, charitable contributions, and the use of trusts.


Trusts and Estate Planning Tools


Utilizing trusts and other estate planning tools can significantly impact your estate tax strategy. Our services include:

  • Revocable and Irrevocable Trusts: Establishing trusts to manage and protect assets while achieving tax efficiency.

  • Charitable Trusts: Creating charitable remainder trusts or charitable lead trusts to benefit both charitable organizations and reduce estate taxes.

  • Family Limited Partnerships: Structuring family limited partnerships to facilitate the transfer of wealth while managing tax implications.


Gift and Estate Tax Exemptions


Understanding and utilizing available exemptions can help minimize estate taxes:

  • Annual Gift Tax Exemption: Advising on the strategic use of annual gift tax exemptions to transfer wealth during your lifetime.

  • Lifetime Exemption: Planning to maximize the use of the lifetime estate and gift tax exemption.

  • Generation-Skipping Transfer Tax: Addressing strategies to manage generation-skipping transfer taxes and preserve wealth across multiple generations.


Estate Tax Return Preparation


Accurate and timely preparation of estate tax returns is essential for compliance and efficiency:

  • Tax Return Preparation: Preparing and filing estate tax returns, including Form 706 and any required supplementary documents.

  • Valuation of Assets: Assisting with the valuation of estate assets, including real estate, business interests, and personal property.

  • Audit Support: Providing support in the event of an estate tax audit and addressing any inquiries from the IRS.


Post-Death Planning


Planning for the distribution of your estate after your passing is an important aspect of estate tax planning:

  • Estate Administration: Assisting executors and administrators in managing the estate and ensuring compliance with tax obligations.

  • Distribution Strategies: Implementing strategies for the distribution of assets to beneficiaries while minimizing tax consequences.

  • Tax Deferral and Mitigation: Advising on methods to defer or  mitigate taxes on inherited assets.


Why Choose Us?


  • Expertise and Experience: Our attorneys have extensive experience in estate tax planning, providing knowledgeable and strategic solutions to complex tax issues.

  • Personalized Approach: We develop customized estate tax plans that reflect your specific financial goals and family circumstances.

  • Proactive Planning: We offer proactive advice to help you navigate changing tax laws and optimize your estate planning strategies.

  • Client-Centered Service: We prioritize clear communication, responsive support, and dedicated representation to ensure your estate tax planning needs are met effectively.


Contact Us


For expert assistance with estate tax planning, LMB Partners is here to help. Contact us today to schedule a consultation and learn how we can support you in creating an effective estate tax strategy to protect your legacy and achieve your financial goals.

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