Complex to General Estate Plannings
Willis & Willis knows how important it is to plan for lifetime financial security, to clearly document intent for the lifetime and deathtime disposition of assets, and maximize the amount of wealth passing to various generations of family members, charities or others.
To speak to a lawyer about planning your estate, contact us to schedule an appointment.
Managed by Michael J. Willis, J.D., C.P.A, and admitted to practice law in Florida and Michigan, Willis & Willis attorneys provide complete estate, tax planning and estate and trust administration services to corporate executives, business owners and individuals from all other walks of life in our offices in both Kalamazoo and Paw Paw, Michigan including the following:
Estate Planning Document Drafting
Willis & Willis will draft any one or more of the following documents depending on the facts and the client's wishes:
- Simple will.
- Revocable living trust for probate avoidance.
- Revocable living trust with subtrusts for marital trust, family trust and/or qualified domestic trust for estate tax minimization.
- General durable power of attorney (financial).
- Medical power of attorney for health care (patient advocate form w/corresponding living will).
Personal and Tax Planning with Life Insurance
If the situation warrants, Willis & Willis will discuss the use of insurance for:
- funding buy sell agreements
- paying a company for loss of a key executive
- funding charitable gifts
- meeting special needs of a disabled person
Irrevocable Life Insurance Trusts
Willis & Willis will counsel the client on the use of life insurance and will draft irrevocable life insurance trusts if the situation warrants and the client desires.
The High Net Worth Client
Willis & Willis counsels the high net worth client on estate and generation-skipping tax planning with a goal to lower one's taxable estate and resultant transfer taxes. Included in such counseling and techniques are such topics as:
- Irrevocable life insurance trusts
- Family limited liability companies
- Annual gifting program
- Use of the unified credit exemption equivalent for lifetime gifts
- Asset protection trusts (APTs) both domestic and foreign
- Sophisticated gifting to various types of trusts for children or others
- Sophisticated gifting to various charitable trusts (e.g. charitable remainder trusts)
- Special needs of the closely-held business owner including life insurance needs, buy sell agreements, family limited liability companies, management succession, estate freezes and gifting of business interests to younger generation family members.
- Generation skipping transfer tax (GSTT)
To speak to lawyer about planning your estate, contact us to schedule an appointment.
To learn more about estate plans or estate tax planning, contact one of the lawyers at Willis & Willis to schedule a free initial consultation. One of our attorneys is also licensed in Florida, to better serve our "snowbird clients".
