ESTATE PLANNING AND ADMINISTRATION

Each estate plan developed by Morris Law Group is customized to meet clients' specific goals. The common objective in all plans is to efficiently transfer assets to chosen beneficiaries with the least possible tax impact. This requires the complex evaluation of income, estate, gift and generation-skipping taxes on the estate. The firm then implements the appropriate planning tools, including trusts, gifting programs, insurance planning, charitable planning and private foundations.

CHARITABLE CONTRIBUTIONS

Many clients are interested in charitable planning as part of their estate plan. This can be accomplished by structuring charitable remainder trusts, charitable lead trusts, charitable gift annuities and private foundations.

BUSINESS SUCCESSION PLANNING

The firm has considerable experience serving the special needs of closely-held businesses. We formulate plans for the transfer of ownership and control of the business from one generation to the next with the intent of minimizing taxes and preserving corporate assets. We prepare restrictive shareholder and partnership agreements and corporate reorganization plans, solve liquidity issues for tax obligations, and structure stockholder buy-sell agreements. We also work with clients who have accumulated balances in their 401(k) and profit sharing plans, as well as their Individual Retirement Accounts (IRAs).

PROBATE ADMINISTRATION

Morris Law Group represents individual fiduciaries, personal representatives, trustees and other fiduciaries in connection with the administration of probate estates and trusts. We prepare federal and state estate, inheritance, generation-skipping and gift tax returns for fiduciaries, and represent fiduciaries in tax audits and controversies.