Wren Law Firm, LLC offers the highest level of representation for sophisticated estate planning matters. Because each client’s family and business circumstances are unique, each estate plan is tailored to carry out the client’s tax and non-tax goals.  

Estate Planning

An estate plan generally includes one or more revocable trust agreements, as well as wills, financial durable powers of attorney, health care durable powers of attorney and health care directives, and HIPAA privacy authorizations.  Depending on a client’s situation and goals, these documents may be drafted to incorporate generation-skipping transfer tax (GST tax) planning, minimization of estate taxes, and deferral of income taxes with respect to retirement plans.  Additionally, trust provisions may build in creditor protection, some divorce protection, and/or special needs provisions.

Tax Planning Strategies

Once the basic estate plan is in place, we work with clients to minimize estate taxes using various other estate planning strategies.  Techniques such as grantor retained annuity trusts (GRATs), qualified personal residence trusts (QPRTs), or sales to defective irrevocable trusts are effective techniques for transferring wealth to the next generation and with a reduced estate tax burden.  Other techniques, such as gifting strategies and insurance trusts, may be used to transfer assets to the next generation and remove assets from a client’s estate. 

Asset Protection Planning

Protecting assets from potential creditors is an important element of an effective estate plan.  Using trusts and entities, we develop plans to help shield clients and their family members from personal and business liability. 

Charitable Planning

For clients who are charitably inclined, we help them build a plan that implements their current and future charitable wishes.  In addition to helping clients select the most advantageous assets to use for outright gifts to their favorite charities, we work with clients establishing charitable remainder trusts, charitable lead trusts, donor advised funds, private foundations, and public charities.

Wren Law Firm, LLC