High-Net-Worth Estate Planning
High-net-worth estate planning often involves more than preparing basic documents. The plan may need to coordinate multiple properties, business interests, investments, family goals, tax exposure, insurance, and long-term wealth transfer.
Planning May Include
- Revocable and irrevocable trust strategies when appropriate
- Business succession and ownership planning
- Real-estate planning
- Beneficiary and asset-title coordination
- Long-term trusts for descendants
- Beneficiary trusts designed to protect inherited wealth from divorce, lawsuits, creditors, and bankruptcy when appropriate
- Asset-protection considerations
- Federal estate and gift tax planning with appropriate tax professionals
- Coordination with CPAs, financial advisors, valuation experts, and other specialists
Frequently Asked Questions
When should a high-net-worth family review its plan?
After major changes in assets, business ownership, family circumstances, tax law, residence, or planning goals, and periodically even when no major change has occurred.
