Advanced Estate Tax Planning

Worried About Taxes Leeching Your Legacy?

After a lifetime of building up wealth, paying taxes, successfully saving and strategically investing, few things are as frustrating as having the government swoop in and take another slice. And yet, when you pass on, if you have not taken the appropriate precautions, that is exactly what will happen.

Your estate, the assets and wealth you leave behind to those you love, could end up being severely taxed, leaving less for the people and causes you love.

Fortunately, advanced estate planning measures exist to protect the assets you wish to leave behind. In Illinois, the dedicated team at Strategic Estate Planning will ensure your wishes and legacy are preserved, while your wealth and assets are protected with a wide range of advanced estate planning tools and trusts.

Make The Strategic Choice For Your Advanced Estate Planning

Our firm was created with the goal of providing a level of personalized service and long-term planning that too many estate planning attorneys ignore. Where some firms might want to handle as many estates as possible, or upsell you on every unnecessary estate planning measure, we take a different, more strategic approach.

By building long-term relationships and connections with clients and their families, we have become a trusted partner for those who want to see their legacies, businesses, and wealth endure. By offering customized and personalized assistance, founding attorney Michone Riewer and the team are able to help you reduce your tax burden and accomplish all your other estate planning goals and legacy objectives.

Strategic Advanced Tax Estate Planning Tools

If we are able to deliver consistent results for our long-term clients and their families, it is because we put a wide range of advanced estate planning tools at their disposal. For example, depending on your circumstances and objectives, you might be able to benefit from:

• An Irrevocable Life Insurance Trust (ILIT), which allows you to protect life insurance proceeds from taxation by transferring ownership of the policy into an irrevocable trust to be distributed later without counting as part of your estate or inheritance for tax purposes.
• A Qualified Personal Residence Trust (QPRT) takes your house out of your estate for tax purposes, but lets you continue to live in it. It also locks in the home’s value once ownership transfers, protecting your estate from future appreciation.
• A Spousal Lifetime Access Trust or AB Trust are two different tools for minimizing the size of your taxable estate by taking advantage of laws that exist to protect and benefit spouses. Each has different strengths and limitations, depending on whether you want to prioritize maintaining access or avoiding taxes.
• A Dynasty Trust can help you preserve wealth for multiple future generations,
• A Charitable Remainder Trust can allow you to support a philanthropic cause while still benefiting from the income of the assets you place into it.

And these are only some of the tools available. There is a nearly endless variety of trusts and other estate planning tools at our disposal to help construct the perfect plan for your situation and objectives, always with an eye on tax implications and optimizations.

Protect Your Legacy: Call Strategic Estate Planning Today

If you have worked hard to build something for yourself and your loved ones, you deserve a team that will work hard to ensure they get to keep as much of that wealth as possible. Here at Strategic Estate Planning, we will sit down with you to understand your situation, develop a customized plan, and set up the safeguards and tools your legacy deserves.

We pride ourselves on transparency, largely flat-fee pricing, and regular communication and updates so that you are informed and involved at each step of the process.

Do not take the risk of waiting, or your loved ones may pay the price out of your inheritance in taxes. Instead, call (847) 234-4445 today to set up a free and confidential conversation to discuss your needs, objectives and situation. We’ll take care of the rest.