We help plan the future of your family, assets, and businesses. We’ve found that when you plan, it can help avoid costly disputes down the line.

Estate Planning

Our clients rely on us to help them make prudent business, financial, and personal decisions and we take that responsibility seriously. We work closely with our clients on the best and most cutting edge strategies for wealth preservation and protection. Our goal is to develop an approach which best serves our clients’ needs in a cost-effective manner, including minimizing state and federal tax burdens to assure that assets pass to the intended beneficiaries.

Whether you are looking for a will, power of attorney, or health care proxy, or require more sophisticated planning involving the use of living trusts, we are here to advise, plan, and help you realize your personal and financial goals..

Some of the tasks involved in estate planning include:

  • creating a will or living trust
  • naming an executor of the estate
  • establishing guardians for dependents, if necessary
  • setting up durable power of attorney for financial and medical decisions
  • creating a healthcare directive
  • naming of beneficiaries on insurance policies

The legal team at Law & Stein will be able to provide you with the guidance necessary with respect to ensuring that all of your documents are properly prepared. They understand the importance of preparing for the future whether it involves drafting a will, establishing a trust, or annual gifting to help reduce your taxable estate.

Advanced Estate Planning

We have experience with a broad range of investment, tax, and trust vehicles for creating, managing, preserving, and transferring assets, which may require the use of sophisticated planning techniques. We also consult with our clients’ many other financial professionals from the fields of accounting, insurance, and investing.

Business Planning & Transactions

The prospect of starting a new business is exciting, but it can quickly become overwhelming due to all of the decisions that need to be made. At each step in the process, careful consideration needs to be given to your priorities and to reaching and even surpassing the goals that you have set for your business. A business plan assists you in determining the potential needs of the business, but also to anticipate problems that may arise as it goes forward.

The team of skilled and experienced business attorneys at Law & Stein, LLP can act as guides as you proceed through the steps to planning your business venture. Together with your financial advisor, we will provide advice on how to maximize your opportunities for growth while minimizing your risks.

Tax planning is an important component to creating any sound business plan. Both federal and state tax issues need to be taken into consideration when establishing a new business. Choosing the right business entity for your venture can provide tax benefits as well as tax consequences. Examples of different business entities include limited liability partnerships, C or S corporations, partnerships, and limited liability companies. Each one of these entities has its own distinct set of advantages.

Our attorneys are well-versed in the various complexities of both federal and state tax laws, and can assist you with structuring your business to help maximize both your financial as well as your operational success.

Tax Planning

Tax planning is an evaluation of an individual’s or business’s financial situation with respect to taxes. The purpose of having a tax plan is to maximize your “tax efficiency” by working to minimize your tax liability. There are a variety of ways to minimize tax liability; some common options include tax-efficient mutual funds, irrevocable trusts, charitable funds, municipal bonds, and traditional/Roth IRAs.

Law & Stein’s attorneys are highly experienced with respect to assisting clients in the development and implementation of pertinent strategies for reducing and/or deferring any current or future tax obligations. At Law & Stein we work closely with our clients and their financial advisors in order to provide judicious tax planning with the most cost-efficient solutions.

Tax laws can be complicated and are constantly evolving. Therefore, it is very important to take the following into consideration when a devising tax plan:

  • short and long-term financial goals
  • the choice of investments/retirement plans
  • the cost benefit of your tax planning options
  • your filing status with respect to deductions, exemptions
  • maintaining tax compliance

Our attorneys provide expert counseling and advice to our clients on a wide range of tax needs, including both federal and state tax planning, in order to find the best solutions to reducing tax liability while maximizing tax efficiency.

Business Succession Planning

In our legal practice we have found that majority of disputes could have been resolved by proper planning. The benefits of preparation result in major savings in time and money for both business owners and business successors. Whether it be that you’re selling your business, transferring its ownership, seeking retirement, or navigating a bankruptcy or liquidation; we can offer guidance you can trust from well-versed business minded attorneys in regards to the allocation of your business’ structure, assets, and tax obligations.