The Wealth Planning and Administration attorneys at Polsinelli Shughart PC bring a unique perspective and knowledge base to personal planning for their clients. More than “will and trust” drafters, our wealth planning attorneys recognize the issues and solve the problems of business owners. Widely known and well respected, our attorneys are active in the American College of Trust and Estate Counsel, a prestigious organization of nationally known estate planning experts.

Assisting in expanding a client’s wealth, developing and implementing plans for orderly transfer of assets during lifetime and upon death, reducing or eliminating estate tax burden or reducing income tax burden, our attorneys have the experience and knowledge to develop the best wealth plan for you.

Each family’s personal plan is custom designed and unique. We listen and learn from our clients, and consider their overall business plans and personal objectives to create the most comprehensive plan possible. We understand that a change in a client’s personal life or business plan can have a profound impact on any corresponding personal plan.

Coordinating between business law, estate planning, and retirement benefits is essential to preserve our clients’ assets long term.

Our Wealth Planning attorneys develop a broad-based personal plan for each client. We gather financial and personal information, family facts and discuss with each client personal and business goals. The plan addresses:

• The accumulation of wealth
• Planning for retirement
• Planning for education needs of children and/or grandchildren
• Business management
• Planning for illness or disability
• Disposition of assets at death

With this focus, our attorneys work closely with investment, accounting and insurance professionals in a team approach to assure that a comprehensive plan is developed and implemented.

We support clients with the preparation of corporate documents (such as shareholder redemption, cross-purchase and deferred compensation agreements), the preparation and administration of trusts and wills, handling marriage and step- or second family fairness, planning for succession and long-term medical concerns, and determining the appropriate plan for real estate interests and use of gifting options.

Our attorneys assist many clients in developing a plan for the transfer and control of assets. This transfer may include developing a business succession plan or exit strategy. We focus on the transfer, distribution and liquidation of assets upon death. Our approach helps clients reduce their death tax obligations and ensure their beneficiaries have sufficient liquidity to pay any taxes that may be due, and maximize the likelihood that the business will succeed in the future.

We also assist clients with estate tax and gift tax returns and disputes, estate and trust disputes, and in making charitable gifts in the most tax-efficient manner possible. We utilize different strategies such as charitable remainder trusts, charitable lead trusts, charitable annuities, charitable foundations, as well as sophisticated planning through grantor retained annuity trusts, Intentionally Defective Grantor Trusts and irrevocable life insurance trusts.

 Protecting your personal and business wealth for the future is critical. Developing a customized personal wealth plan is what we do best. Let the wealth planning attorneys at Polsinelli Shughart assist you in achieving your goals.