Best & Flanagan


Private Wealth Planning: Estate & Wealth Transfer Planning

Estate and wealth transfer planning is critical to ensuring that your intent is upheld after your death. There are many important components to devising a comprehensive strategy. Depending on the complexity of your estate and the specific needs of your family, your estate plan may include:

  • Wills
  • Revocable (“living”) and irrevocable trusts
  • Marital (“QTIP” or “A”) trusts and bypass (or “B” or “Family”) trusts
  • Advice on asset and beneficiary designations
  • Charitable lead and remainder trusts
  • Generation-skipping and dynasty trusts
  • Grantor Retained Annuity Trusts (GRATS)
  • Irrevocable Life Insurance Trusts (ILITs)
  • Qualified Personal Residence Trusts (QPRTs)
  • Cabin trusts and entities
  • Children’s and grandchildren’s trusts
  • Gifts and charitable donations
  • Disposition of fine art and collectibles
  • Preservation of intellectual property rights
  • Succession planning for closely-held and family business
  • Retirement benefit planning
  • Incapacity planning
  • Conservator and guardianship matters
  • Multinational estate planning

Whatever our clients’ personal goals, we will work diligently to prepare an estate plan that ensures their vision, minimizes tax burdens and mitigates the challenges of probate and trust administration.