Generational Planning Solutions

MLG

Why GPS Perpetual Plan?

Even the most carefully designed Wealth Preservation SolutionSM can encounter hurdles. Our lives are continuously changing. Life altering moments such as marriage or divorce, birth or death, can impact on your Wealth Preservation Solution. Additionally, income, estate and gift tax laws continue to change. With our personal and financial lives evolving, coupled with ever changing tax laws, it can be stated with certainty that your Wealth Preservation Solution will require constant review and revision to ensure that it meets your family’s goals and objectives.

With the complexity of your business interests and personal investments, we encourage you to look beyond the present to envision how your legacy can continue for generations. We provide you with a sophisticated wealth preservation plan tailored to meet your financial and planning objectives. It does not end there. As your trusted planning advisor we work with you as the investor, to monitor all the activity that occurs afterward. It is essential to us to maintain a high level of involvement to ensure your generational plan continues on the right course.

By being proactive and keeping your Wealth Preservation Solution on track, we will work together to review and minimize your tax obligations, address liability concerns, discuss business succession strategies and make adjustments to your Wealth Preservation Solution as your needs evolve. By planning ahead, you will feel safe and secure knowing your estate and business affairs are in order. You will be confident knowing you have a team of professional advisors who will work closely with your family and others whom you have entrusted to carry out your wishes.

Our vast experience reveals that while our clients’ lives change, they often fail to make the appropriate modifications to their Wealth Preservation Solution. This is why we, as your trusted advisors, have developed a program which allows us to work closely with you to review your

Wealth Preservation Solution, align your assets, advise you of tax efficient strategies and give you and your loved ones peace of mind that your legacy will last for generations. Let Morris Law Group be your GPS for your Wealth Preservation Solution.

Access to the Firm
Your questions, concerns or requests are our highest priority. Our team members are available to assist you.

Counsel You On Matters Involving Your Wealth Preservation SolutionSM
Our team of professionals are available to counsel you on matters involving your Wealth Preservation Solution and additional planning options as your personal, financial and business circumstances change. In addition, if you have other legal, financial or business matters with which you need assistance, we will connect you to other attorneys or advisors in our network who can assist you.

Wealth Preservation Updates
We believe your Wealth Preservation Solution is an ongoing, evolving process, not a one-time transaction. Just as your life changes, your goals, objectives and the law may change. Our team is here to ensure your plan is updated as your needs evolve.

Collaboration with Other Advisors
Our team will collaborate with your other professional advisors so all are working together with the common goal of taking care of you and your family. We will provide copies of your estate planning documents to your advisors upon your request, with instructions to implement your goals and objectives.

Asset Review, Tracking and Continuous Alignment of Assets
While expertly drafted documents are the foundation of your Wealth Preservation Solution, the proper titling of your assets is critical to the success of your Wealth Preservation Solution.

Our team will review the ownership of your assets and provide you with an annual report to confirm all of your assets are properly aligned and all beneficiary designations are coordinated with your overall plan.

Wealth Preservation Team Meeting
The Wealth Preservation Team Meeting allows for an opportunity for you to meet, review and explain your plan to your trusted family members, fiduciaries and advisors who will implement your plan should you become incapacitated or at your death.

Continuing Client Education and Events
Our firm will provide educational workshops, videos and teleconferences for you, your family members and trusted advisors on various wealth preservation planning and other topics to keep you abreast of the latest  trends and techniques.We may also host periodic social events for you and your family.

As each Wealth Preservation Solution is designed to your unique situation, we customise the Generational Planning Solutions program for your individual needs. The GPS program may include the items outlined on this page. Contact Morris Law Group today so we can design a customized program for you!

 

Entity Compliance AuditSM

As your Wealth Preservation Solution may include entities holding assets or operating business, the review, oversight and compliance of these entities is critical to assure that they are current. Our team will oversee and ensure that the following are completed on a timely basis:

  • Annual Report filings/State payments
  • Review of Managers/Directors/Registered Agents/Addresses
  • Payment of Registered Agent fees
  • Continued review of assets owned/sold by each entity
  • Preparation of Annual Minutes
  • Advice and facilitation of contributions and distributions
  • Review of tax returns and Schedule K-1s for companies to ensure ownership accuracy for tax purposes

Irrevocable Trust Compliance ExaminationSM

You may create irrevocable trusts as part of your Wealth Preservation Solution. These trusts are commonly designed to hold assets that will be outside of your taxable estate for estate tax purposes. In order to maintain the integrity of the trust, as well as reap the estate and gift tax benefits, there are compliance actions that need to be taken on an annual basis. If the cash flow needs of the trust exceed the annual exclusion gifting threshold, Split Dollar Arrangements and other techniques are used to avoid or minimize gift taxes. Our team will oversee the timing, preparation and verification of required documents to confirm all necessary formalities are being met. Be advised, failure to properly document these transactions on a timely basis may result in increased gift and estate taxes.

Estate and Trust Administration Services

Our firm will provide you and your family with a 15% reduction from our standard rates for your estate and trust administration.

Trustee Services

You may have selected an attorney on our team to be a trustee for one or more of the trusts you have created. While acting in a fiduciary capacity, we are legally bound to act within the confines of the law and in the best interests of the beneficiary(ies). As trustee, we must follow the terms of the trust, such as when and how the trust property will be distributed. The trust will dictate the allowable actions and investments.

Trust Protector Services

You may have selected an attorney on our team to be a trust protector for one or more of the trusts you have created. The trust protector is given unique powers designed to provide flexibility within a trust. The breadth of the trust protector’s powers varies depending on the objectives of the grantor, but the protector’s purpose remains the same: To ensure the grantor’s interests are protected and the planning intent is carried out, even with changing legislation and tax laws.

Estate Tax Liquidity AnalysisSM

A critical component of your Wealth Preservation Solution is the liquidity of your assets. Our team will prepare an analysis of your current assets and advise as to the postmortem effects of having certain illiquid assets. We will provide strategic recommendations to assure your estate has the necessary liquidity for estate taxes.

Transactional Integrity AssuranceSM

Your Wealth Preservation Solution may include transactions that will require continuous monitoring and future action.It is critical that the appropriate transactional actions are taken on a timely basis.The failure of proper compliance on these transactions may result in additional taxes, penalties and interest, and may compromise your entire wealth preservation strategy. Our team will diligently oversee and prepare the necessary documents and assure that the actions are taken when due. Some examples of these types of transactions may include the following:

  • Payments and satisfaction of promissory notes;
  • Grantor Retained Trusts (GRAT, GRUT, QPRT);
  • Charitable Trusts (CRAT, CRUT, CLAT, CLUT); and
  • Payment of private annuities.

Entity Compliance AuditSM

As your Wealth Preservation Solution may include entities holding assets or operating business, the review, oversight and compliance of these entities is critical to assure that they are current. Our team will oversee and ensure that the following are completed on a timely basis:

  • Annual Report filings/State payments
  • Review of Managers/Directors/Registered Agents/Addresses
  • Payment of Registered Agent fees
  • Continued review of assets owned/sold by each entity
  • Preparation of Annual Minutes
  • Advice and facilitation of contributions and distributions
  • Review of tax returns and Schedule K-1s for companies to ensure ownership accuracy for tax purposes

Irrevocable Trust Compliance ExaminationSM

You may create irrevocable trusts as part of your Wealth Preservation Solution. These trusts are commonly designed to hold assets that will be outside of your taxable estate for estate tax purposes. In order to maintain the integrity of the trust, as well as reap the estate and gift tax benefits, there are compliance actions that need to be taken on an annual basis. If the cash flow needs of the trust exceed the annual exclusion gifting threshold, Split Dollar Arrangements and other techniques are used to avoid or minimize gift taxes. Our team will oversee the timing, preparation and verification of required documents to confirm all necessary formalities are being met. Be advised, failure to properly document these transactions on a timely basis may result in increased gift and estate taxes.

Estate and Trust Administration Services

Our firm will provide you and your family with a 15% reduction from our standard rates for your estate and trust administration.

Trustee Services

You may have selected an attorney on our team to be a trustee for one or more of the trusts you have created. While acting in a fiduciary capacity, we are legally bound to act within the confines of the law and in the best interests of the beneficiary(ies). As trustee, we must follow the terms of the trust, such as when and how the trust property will be distributed. The trust will dictate the allowable actions and investments.

Trust Protector Services

You may have selected an attorney on our team to be a trust protector for one or more of the trusts you have created. The trust protector is given unique powers designed to provide flexibility within a trust. The breadth of the trust protector’s powers varies depending on the objectives of the grantor, but the protector’s purpose remains the same: To ensure the grantor’s interests are protected and the planning intent is carried out, even with changing legislation and tax laws.

Estate Tax Liquidity AnalysisSM

A critical component of your Wealth Preservation Solution is the liquidity of your assets. Our team will prepare an analysis of your current assets and advise as to the postmortem effects of having certain illiquid assets. We will provide strategic recommendations to assure your estate has the necessary liquidity for estate taxes.

Transactional Integrity AssuranceSM

Your Wealth Preservation Solution may include transactions that will require continuous monitoring and future action.It is critical that the appropriate transactional actions are taken on a timely basis.The failure of proper compliance on these transactions may result in additional taxes, penalties and interest, and may compromise your entire wealth preservation strategy. Our team will diligently oversee and prepare the necessary documents and assure that the actions are taken when due. Some examples of these types of transactions may include the following:

  • Payments and satisfaction of promissory notes;
  • Grantor Retained Trusts (GRAT, GRUT, QPRT);
  • Charitable Trusts (CRAT, CRUT, CLAT, CLUT); and
  • Payment of private annuities.

** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.

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Locations

BOCA RATON (MAIN OFFICE)

7284 West Palmetto Park Road,
Suite 101
Boca Raton, FL 33433
(561) 750-3850

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AVENTURA

Aventura Corporate Center
20801 Biscayne Blvd., Suite 304
Aventura, FL 33180
(305) 682-8330

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WESTON

GERS U.S.A. LLC
2843 Executive Park Drive
Weston, FL 33331
(954) 726-1214

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WEST PALM BEACH

Phillips Point Buildings West Tower
777 South Flagler Drive, Suite 800
West Palm Beach, FL 33401
(561) 750-3850

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