Estate Planning and Administration
Holbrook Peterson Smith works with you and your advisors to help clarify and achieve your estate planning goals. An estate plan helps to provide financial security during life, while ultimately passing property to family members, charities, or your other intended beneficiaries. All planning should be done with an awareness of income, gift, estate and inheritance taxes (including generation-skipping transfer tax) and other transfer costs. Some of the common tools used as part of estate planning include wills, revocable and irrevocable trusts, living wills, advance care plans, durable powers of attorney for financial affairs and health care, premarital agreements, insurance planning, charitable remainder trusts, lifetime gifting arrangements, conservatorships, and guardianships. After a death, we can assist in estate administration and planning. We also serve as expert witnesses in estate, fiduciary, and tax matters.
Representing Fiduciaries & Beneficiaries
We represent trusts and trustees, estates and executors, or beneficiaries of trusts and estates. Our attorneys also serve as executors and trustees from time to time.
The firm’s attorneys represent foundations, colleges, museums, and other nonprofits in charitable gifts and deferred gift programs. We can assist with organization and maintenance of nonprofit corporations and trusts as well as application to the IRS for tax exemption, preparation of board meetings and minutes, and property transfers and sales. To see a list of our Representative Nonprofit clients click here.
Business Planning & Succession
The firm’s representation of businesses includes comprehensive services to diverse business clients, from family limited partnerships to real estate investment entities, to manufacturing concerns. We regularly represent businesses in almost any area, including but not limited to: organization, maintenance, reorganization, redemptions, and liquidation of business entities, including corporations, LLCs, and partnerships, related to planning for a business owner or charitable giving. Our attorneys also assist with buy-sell agreements, real estate transfers, mortgages, leases, and employee benefit planning, such as deferred compensation, employment agreements, and insurance planning.
Holbrook Peterson Smith represents taxpayers in gift and estate tax audits, including appeals.