Stites & Harbison PLLC
Trusts & Estate Planning
"Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. [F]or nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions."
--Judge Learned Hand in the Dissenting Opinion to Commissioner of Internal Revenue v. Newman, 159 F.2d 848 (2d Cir. 1947).
The Stites & Harbison Trusts & Estate Planning Group enthusiastically agrees with Judge Hand's opinion above and work judiciously to help clients minimize their tax burdens.
Our lawyers routinely prepare the following:
* wills
* living trusts
* irrevocable trust agreements
* marital deduction trusts
* generation-skipping trusts
* qualified personal residence trusts
* GRATs and GRUTs
* trusts for minors
* powers of attorney
* advance medical directives
We offer tax counsel for:
* minimizing current income taxes
* future inheritance and estate taxes and taxes on retirement
* handling of income tax matters at death
* planning to avoid the generation-skipping tax
* exercising powers of appointment
* beneficiary and distribution decisions under qualified retirement plans and IRAs
We also provide to our clients special assets services such as estate and trust administration services:
* consultation and counsel to trust companies and individual fiduciaries
* representation of charitable and non-profit organizations
* the management and disposition of valuable assets
* valuation of private businesses
* planning of beneficial interests under trusts
* advice on the use of family limited partnerships and limited liability companies to maximize transfer tax savings for business and family assets
* planning for foreign holdings
We also render advice with respect to charitable gifts of tangible property and appreciated securities and on "remainder" and "lead" gifts.
Stites & Harbison PLLC
250 W Main St #2300
Lexington KY 40507
Tel: 859 226-2300
Fax: 859 253-9144
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