Generational wealth transfer from older generations to younger generations is brimming with planning opportunities for many families. To start, the older generations must begin to deeply examine their own personal values surrounding their wealth and how much to leave to their family and friends, to the government (domestic or foreign), and to charities. Achieving the balance among these considerations can be daunting. At The Burton Law Firm, the team is here to assist with finding that balance and helping each family achieve the best outcome.
Advanced estate planning is ideal for individuals who anticipate a large estate tax bill. At the Burton Law Firm, the team is highly adept at employing various tools to minimize the tax bite. The minimization of taxes is a fundamental necessity as it allows families to place a higher focus on prioritizing their wealth towards meaningful family goals.
Whether a family is looking to set up a qualified personal residence trust for their home, a grantor retained annuity trust, a generation skipping trust or dynasty trust for the benefit of their children, an irrevocable life insurance trust to hold life insurance policies outside of the estate, a charitable lead trust or charitable remainder trust or donor advised fund for planned giving, a family limited partnership or family limited liability company for those family business interests, or the familiar grantor trust, the team at The Burton Law Firm can help explain the benefits and drawbacks of any selected tool, allowing each family to make an informed decision for their unique lifestyle.
The Burton Law Firm can craft and administer estate plans that are tailored to each family’s situation while balancing considerations towards family, government, and charity. While tax considerations play a role into planning, every family should receive proper counsel to protect every family’s asset for the benefit of future generations.
Trust, Estates & Probates
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Sacramento Office
400 Capitol Mall,
Suite 1850
Sacramento, CA 95814
1 (916) 822-8700
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Roseville Office
2999 Douglas Blvd,
Suite 18G
Roseville CA 95661
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201 Spear Street,
Suite 1166
San Francisco, CA 94105
1 (415) 888-5056
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Reno Office
1 East Liberty Street,
Suite 654
Reno NV 89501
1 (775) 440-6677
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California has required employers to “indemnify” employees for “necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer” in substantially the same terms since 1937 under Labor Code § 2802.
