Family Succession Planning: Transferring Family Wealth

You have worked hard your entire life to build your estate, your business and other assets. Is it time to think about transferring your wealth to family members?

The decision to establish a trust fund, pass along your business, or incorporate transferring family wealth into your will should not be taken lightly. Each trust serves different purposes and may or may not meet your needs, depending on whom you want to receive the money. A will may be contested in probate court, with your chosen beneficiary failing to receive the appointed assets. Legal advice regarding how to transfer your assets can help ensure your wealth is distributed according to your wishes.

At the Baker Law Firm, P.C., in Danbury, we have been helping clients transfer wealth to their family members since 1976. Senior partner and estate planning attorney Fred L. Baker is well-known for his quality service and exceptional knowledge in these matters. Contact us to speak with a lawyer about your financial wishes for the future.

Finding a Solution That Fits Your Needs

Many of our clients are small or medium-sized business owners in the Danbury area. They want to ensure they can pass along their businesses to children and avoid personal liability. Other clients have large estates or large sums of money they want to pass on to chosen beneficiaries or charities and avoid estate and wealth taxes.

The attorneys at our firm offer personalized advice based on your unique situation. We learn about your wishes for the future and strive to meet your needs with various estate planning tools. Our wealth transfer options include:

  • Special needs trusts
  • Family foundations
  • Life insurance trusts
  • Living trusts
  • A/B trusts
  • Charitable trusts
  • Wills
  • Generation skipping trusts

Family wealth transfer options can be confusing and complicated. Contact an estate planning attorney at our firm to learn which option is best for you.