TAX & ESTATE PLANNING

Preserving Your Wealth Across Generations
Horack Talley offers extensive experience in estate planning, estate and trust administration and asset preservation planning. We focus on individuals, owners of small to midsize businesses and real estate entrepreneurs who want to protect the wealth they have built up from estate and generation skipping taxes as well as from the claims of predatory creditors.

Estate Planning Services
Choose Horack Talley for a full range of estate planning services, from drafting simple wills and trust agreements to complex planning involving the use of:

• living trusts
• family limited partnerships
• limited liability companies
• charitable vehicles such as charitable reminder trusts, charitable lead trusts, family foundations, GRITs (grantor retained interest trusts), QPRTs (qualified personal residence trusts), IDGT's (intentionally defective grantor trusts) and more.

We can advise how to build your assets outside the transfer tax system and avoid debate with the IRS over valuation of taxable gifts.

Estate and Trust Administration
We will provide complete administration of your estate or selected services as needed. We can also handle full administration of your trust or specific services.

Asset Preservation
We will work with you to help insure that your hard earned wealth is not squandered by heirs or taken away from you by predatory creditors. Our focus here is on the proper choice of entities to insulate your assets and keeping heirs from making bad choices. We specialize in preventative medicine and not in trying to hide your assets once the problems have already appeared.

Example Project

One client, a family, had accumulated tens of millions of dollars over time. The family wished to set up a charitable fund, but worried that there would not be enough after taxes to accomplish that goal. As their estate was organized, the family likely would have paid more than half the estate in taxes. With thoughtful planning, Horack Talley attorneys set up an intricate series of charitable lead trusts that pour into the family’s private foundation. The plan minimized the tax and allowed family members to create a foundation for charitable work—just as they had hoped to do.