Advanced Estate Planning

i-willsandtrustsComprehensive Estate Planning Lawyers in Oklahoma

Estate tax issues become more significant when a client’s estate is larger than the applicable credit (currently $5,450,000 if single, $10,900,000 if married). In most cases, it is possible to implement strategies to avoid or dramatically reduce the estate tax burden and avoid probate. We can normally reduce a person or families income tax liability as well.

 

At Horizon Attorneys & Counselors at Law, PLC, we believe that creating, designing and implementing a basic estate plan must be accomplished before we discuss advanced estate planning concepts and strategies. Our attorneys work with clients to help them transfer their wealth during their lifetime, or at death, to children, grandchildren, other family members, charities, or other named beneficiaries.

 

Contact us by e-mail to schedule a private meeting with an accomplished Tulsa estate planning attorney in our Tulsa law office.

 

Creating a Strategic Estate Plan

Tools we use to accomplish these goals and objectives include family limited partnerships (FLPs), family limited liability companies, and the following specialized trusts:

  • Grantor retained annuity trusts (GRATS)
  • Irrevocable trusts
  • Irrevocable life insurance trusts
  • Intentionally defective grantor trusts
  • Dynasty trusts
  • Special needs trusts
  • Inheritor’s trusts
  • Gift trusts
  • Alaska community property trusts

Asset Protection through Prudent Planning

Other clients want to protect their assets from creditors and predators who have become so prevalent in today’s litigious society. We work with numerous clients in high risk businesses where we have effectively designed and implemented asset protection strategies to avoid future probate litigation.

 

Tools we utilize to accomplish these objectives include FLPs, Oklahoma wealth preservation trusts, domestic and off-shore asset protection trusts, and converting non-exempt assets into assets which are exempt from lawsuits under state and federal law. In order to preserve wealth and protect assets, we consider creating limited partnerships and limited liability companies, jurisdictional choice planning and the creation of domestic self-settled or offshore trusts, depending on the client’s needs and wishes. You have to implement your trust asset protection plan before you have a known problem because after a problem occurs it is generally to late to engage in asset protection planning.

 

Charitable Planning

Our Tulsa probate attorneys have helped numerous clients create entities that allow them to fund charitable organizations and causes that have significance in their lives and the lives of others. For other clients we have formed and operated charitable legacies that will continue after their lifetimes, through charitable lead and charitable remainder trusts, private foundations, supporting organizations and donor advised funds.

Charitable Estate Planning Tools

  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Lifetime and Testamentary Charitable Gifting Strategies
  • Non Profit Corporations
  • Family Foundations and Supporting Organizations
  • Donor Advised Funds
  • Strategic Family Visioning

Call 918-398-7900 to schedule a confidential consultation with a Tulsa estate planning lawyer at our Tulsa, Oklahoma, law office or contact us by e-mail. Comprehensive estate planning can help clients avoid the expense, delay and publicity of probate court later and unnecessary estate taxes.