Comprehensive estate planning provides you with peace of mind that your intentions will be carried out upon your death or during a period of incapacity. Advanced estate planning can reduce the stress related to a difficult period of time and make it easier for your loved ones to manage your loss.
In addition to ensuring that your intentions are carried out, the attorneys at Herbst Law Group look for ways to minimize administration costs and delays. Our attorneys are trained tax attorneys and are uniquely positioned to ensure the tax efficiency of your plan and identify and take advantage of all opportunities to minimize taxes.
Herbst Law Group utilizes a team approach for estate planning. During the course of an estate plan our attorneys will coordinate as necessary with your tax preparer, accountant, financial advisor, and insurance professionals to ensure your estate plan is integrated with all other planning.
Our team has great experience in and knowledge of estate tax planning. While there is no IRS inheritance tax, there is an estate tax at both the federal and state tax level in Massachusetts.
We routinely advise clients on the use of, and prepare on their behalf, the following documents:
Irrevocable Insurance Trusts (ILITs)
Special Needs Trusts (SNTs) and Supplemental Needs Trusts
Charitable Planning Devices:
- Charitable Remainder Trusts (CRTs, CRUTs, CRATs)
- Charitable Lead Trusts (CLTs, CLATs, CLUTs)
- Donor-Advised Funds
- Private Foundations
- Non-Profit Entities