Skilled California Lawyer Assists Clients with Estates and Wealth Transfers
Knowledgeable attorney advises clients in the Glendale area on tax planning and gifting
If your estate is large enough to trigger federal or state inheritance or estate taxes, Ellen Edwards Farewell can help you reduce your exposure through prudent planning, including business succession strategies and wealth transfers to your heirs. I assist clients by structuring business transactions, planning their charitable giving, and advising on tax matters. My aim is to minimize the impact of gift taxes, estate taxes and generation-skipping transfer taxes. Through the strategic use of income- and asset-transfer devices, I work to help you take full advantage of all applicable tax credits, deductions, exemptions and elections. Serving clients and their families in the Glendale area and throughout California, I give careful thought and attention to each individual estate.
Trusted California attorney offers strategic tax advice
You should never make a decision about structuring or transferring assets without understanding the tax consequences involved. I provide tax advice to clients in regard to a wide range of issues. Ellen Edwards Farewell counsels clients on matters related to:
- Federal estate taxes
- Federal gift taxes
- Alternate valuation elections
- Generation-skipping taxes
- Revocable, irrevocable, grantor and charitable trusts
Understanding the tax consequences of the financial decisions you make, especially those involving bequests and gifts, can help you preserve your wealth and pass it on to the people and charities of your choosing. It is also important that those who will be the recipients of assets are educated and ready to take on new roles and responsibilities as the family dynamic shifts. Ellen Edwards Farewell offers sound counsel to estate owners and inheritors.
Seasoned professional counsels clients on transferring family assets
When it comes to transferring assets, I offer personalized legal advice based on your unique situation. Some of my clients want to ensure they can pass along their businesses to children and avoid personal liability. Other clients have large estates or considerable wealth they want to share in a way that avoids estate and wealth taxes. At Ellen Edwards Farewell, I take the time to learn about your wishes for the future and strive to meet your needs. I can help with various wealth transfer options, which may include:
- Special needs trusts
- Family foundations
- Life insurance trusts
- Living trusts
- A/B trusts
- Charitable trusts
- Generation-skipping trusts
Legal advice on transferring your assets can help ensure your wealth is distributed according to your wishes. I will work to resolve your estate and wealth transfer issues so that you can feel secure with the legacy you leave behind.
Contact a skilled California estate and gift tax planning lawyer
For sound advice on estate and gift tax planning and family wealth transfers in California, call Ellen Edwards Farewell at 818-545-0027 or contact me online to schedule your free consultation at my Glendale office.