Estate Planning

Leave a Legacy That Lasts for Lifetimes

Our experts provide comprehensive analysis to identify all the elements of your new or existing estate plan, helping you to understand how your plan will function today and in years to come. In partnership with our wealth, investment, and tax teams, we utilize an integrated approach to help you leave your legacy.

Recent Blog Articles

Is a Qualified Personal Residence Trust (QPRT) Right for You?

BakerAvenue's Blog

Is a Qualified Personal Residence Trust (QPRT) Right for You?

The Great Wealth Transfer: How Will It Affect You?

BakerAvenue's Blog

The Great Wealth Transfer: How Will It Affect You?

What Issues Should I Consider When Reviewing My Estate Planning Documents?

Checklist

What Issues Should I Consider When Reviewing My Estate Planning Documents?

Will I Receive a Step-Up in Basis for the Appreciated Property I Inherited?

Flowchart

Will I Receive a Step-Up in Basis for the Appreciated Property I Inherited?

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Estate Planning Services Include:

Identifying financial goals and beneficiaries
Optimizing family and asset protection, and tax-efficient structures
Utilizing gifting strategies to transfer / protect wealth and maximize exemptions
Analyzing assets to implement income and estate tax-efficient strategies
Planning and implementing optimal designs for life insurance, retirement, and education planning
Determining charitable intentions during life and death
Understanding gifting tax implications and anticipating potential issues to reduce tax exposure
Reviewing legislative developments as they affect your estate

Estate planning can be an uncomfortable subject that many people prefer not to discuss because it involves confronting difficult scenarios. However, establishing an estate plan and keeping it updated is important in order to avoid unintended consequences for your family and other beneficiaries.

View Estate & Gifting FAQs

Recent White Papers

Your 2024 Comprehensive Tax Planning Guide

Booklet

Your 2024 Comprehensive Tax Planning Guide

White Paper

The Great Wealth Transfer Is Coming

Ensuring Your Legacy Lasts for Lifetimes

White Paper

Ensuring Your Legacy Lasts for Lifetimes

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A COMPREHENSIVE ESTATE PLAN

TRUST

Primary document in a Trust-based estate plan
Contains the dispositive provisions of your plan (i.e., who gets what)

WILL

Primary document in a Will-based plan
In a Trust-based plan, the Will functions in coordination with your trust to manage assets that are not in your trust at the time of your death
Identifies the guardians for your minor children

INFORMAL DOCUMENTS

Legally non-binding documents that allow you to provide your trustees and executors with guidance in your own words

Gifting strategies to reduce tax exposure

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Which Estate Planning Strategy Is Best for Gifting?

Your Goal(s)	Grantor-Retained Annuity Trust	Spousal Lifetime Access Trust	Irrevocable Grantor Trust	Charitable Remainder Trust	Donor Advised Fund
Reduce income taxes				✓	✓
Reduce estate taxes	✓	✓	✓
Reduce capital gains taxes				✓	✓
Received fixed income for trust term	✓			✓
Receive income for life, hedged inflation				✓
Keep assets during the lifetime	✓	✓		✓
Help your heirs avoid income tax			✓
Contributing Assets
Cash		✓	✓	✓	✓
Appreciated securities	✓	✓	✓	✓	✓
Real estate	✓	✓	✓	✓
Art, antiques, patents, and other personal property		✓	✓	✓

When you need to discuss your personal and professional life transitions, BakerAvenue is here for you.

The legal and/or tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. It does not involve the rendering of personalized investment advice and should not be construed as an offer to buy or sell, or a solicitation of any offer to buy or sell securities. All information is subject to change. This material contains references to concepts that have legal, accounting, and tax implications, and is not intended as legal, accounting or tax advice as Baker Avenue Asset Management LP is not engaged in the practice of law, tax or accounting. Accordingly, any information in this document cannot be used by any taxpayer for purposes of avoiding penalties under the Internal Revenue Code. Information presented is believed to be factual and up-to-date, and BakerAvenue cannot guarantee that such information is accurate, complete, or timely. Laws of a particular state or laws which may be applicable to a particular situation may have an impact on the applicability, accuracy, or completeness of such information. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre-and/or after-tax investment results. BakerAvenue makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult your own attorney and/or accountant for advice regarding your particular situation.

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