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For Morris, Hall & Kinghorn clients with considerable wealth, estate planning may take advantage of lifetime leveraging: that is, strategies which transfer significant wealth at reduced transfer tax cost. Such planning involves the combination of at least four taxes: estate, generation-skipping transfer, gift and income, and further consideration of the client’s specific situation, goals and approach. Specific techniques may be as simple as structured annual gifting programs to benefit family members or friends, or they may involve more sophisticated vehicles such as grantor retained annuity trusts, qualified personal residence trusts, charitable lead trusts and charitable remainder trusts, family limited partnerships and/or limited liability companies, private annuities and intra-family sales. Irrevocable trusts, including dynasty trusts intended to benefit multiple generations for as long as possible, and specialized trust arrangements for minors, for education or for other purposes, are other likely components of our clients’ estate plans.
We also have extensive expertise in sophisticated planning with life insurance, which may be used to provide additional benefits to family members or charity or to provide liquidity for payment of debts and taxes after death. We consider our clients’ family objectives and the appropriate type of insurance policy for achieving those objectives; we design and document irrevocable life insurance trusts; we advise our clients regarding special arrangements for the payment of premiums; and we provide ongoing assistance with the proper administration of these trusts in order to ensure maximum tax benefits.
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Upcoming seminars held throughout Nevada (Henderson, Las Vegas, and more) and Arizona (Phoenix area, Tucson area, Northern Arizona, and more) on a variety of topics concerning Estate Planning.
 
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