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Wealth Transfer Planning
Many families have seen over half the family assets confiscated by federal and state inheritance tax. Banking relationships have become severely strained.  Real estate holdings and closely held businesses are often sold at below market prices in order to finance these estate taxes.  However, planning for the transfer of accumulated wealth involves more than funding anticipated estate taxes.  Wealth transfer planning may involve a number of various concerns including the following:

  • Source of funds to pay estate taxes
  • Multi-generational family wealth planning
  • Business continuity planning
  • Illiquid asset preservation such as a privately held business
  • Preservation of "emotionally illiquid" assets
  • Debt repayment
  • Leverage of annual gift tax exclusions
  • Maximization of the Generation Skipping Transfer Tax exemption
  • Inheritance equalization
  • Charitable planning
  • Asset sale timing

Our professional team will work with your advisors including attorneys, accountants and investment advisors to develop a plan of action and the necessary legal documentation. We will coordinate all of this with your life insurance contracts to provide a sound workable plan.

Wealth transfer planning often requires substantial amounts of insurance to help achieve various goals in the process.  These amounts of insurance require specialized underwriting and negotiations among several insurance carriers to overcome any health issues and/or to achieve carrier and product diversification.  We have extensive experience in navigating this area.
We have implemented numerous specialized programs using personal monies, and third party monies to help implement and fund various strategies.  Some of the specialized programs include:
  • Charitable gifting programs with Wealth Replacement Trusts
  • Grantor Retained Annuity Trust (“GRAT”)
  • Generation skipping transfers
  • Family Limited Partnerships (“FLP”)
  • Family Limited Liability Companies (“FLLC”)
  • Pension distribution plans
PPG members offer annuities and insurance products through an insurance brokerage, AXA Network, LLC and/or its affiliates, including AXA Network Insurance Agency, LLC (in California).  PPG members offer the life insurance and annuity products of AXA Equitable Life Insurance Company (NY,NY) and those of various unaffiliated carriers. AXA Advisors, AXA Network, and AXA Equitable are affiliated companies. PPG members do not offer legal or tax advice. The Legacy Planning Group Inc is not affiliated firm of AXA Equitable.