Our Services
Estate Planning
There are various estate planning options available to suit your individual needs and goals. Some of the most common tools include wills, revocable trusts, and irrevocable trusts. After discussing your specific circumstances and objectives with you, we will be able to make recommendations on the best course of action. However, the ultimate decision on which estate planning vehicle to use is yours.
Estate Administration
Our firm is equipped to handle every aspect of the probate and trust administration process. From obtaining court appointment to the collection and preservation of assets, settlement of debts and liabilities, tax filings, and communication with beneficiaries, we have the experience and knowledge to guide you through every step. Ensuring that beneficiaries understand their inheritance and releasing the executor, administrator, or trustee from liability before distribution are crucial components of the process, and we prioritize these tasks to ensure a smooth and successful outcome.
Navigating the court system can be confusing, but with our extensive experience, we are well-equipped to guide you through the process and help you achieve a successful outcome. Let us handle the complexities of probate and trust administration so you can focus on other important matters.
Lifetime Gifting
Gifting can be a fulfilling experience that allows you to share your wealth and make a positive impact on the lives of others. In addition to the personal satisfaction of gifting, there may also be tax benefits available through the gifting process. Our team will work with you to explore the various gifting options available and identify opportunities to potentially obtain income tax or estate tax benefits. Let us help you navigate the gifting process and make the most of your generosity.
Charitable Endeavors
Creating your own charitable foundation is a meaningful way to give back and make a positive impact on the world. If you are an avid philanthropist or wish to become one, it may be worth considering the formation of a charitable foundation. There are various structures and plans available that allow you or your family to have control over the charitable gift and potentially receive income tax, gift tax or estate tax benefits, all while fulfilling your charitable objectives. Our team can help you explore the possibilities and determine the best approach for your charitable goals.
Asset Protection
Asset protection involves taking steps to ensure that your assets are safeguarded from potential creditors, taxes, or other threats. This can involve relinquishing control of your assets or keeping them out of the hands of your beneficiaries. At The Zimmerman Firm, we can help you create a structure that protects you and your loved ones from potential marital, creditor, tax, or personal issues that may affect their ability to manage money responsibly. Despite the complexity of the topic, asset protection can often be achieved through a simple will or other legal document. Let us help you create a plan to protect your assets and secure your financial future.
Tax Planning
At The Zimmerman Firm, we have the expertise and experience to help you minimize the amount of taxes owed on your estate. Our attorneys have advanced training in taxation and are well-versed in the tax planning strategies that can help you keep more of your money in your own hands.
Estate planning and tax planning are closely intertwined, and it is important to consider the tax implications of your estate plan, even if you do not consider yourself "rich." By building proper tax-saving structures into your estate documents and utilizing planning methods during your lifetime, you can significantly reduce the amount of taxes owed on your estate.
We have a wide range of tools at our disposal to help you optimize your estate plan for tax efficiency. Get your financial records in order, consult with your accountant, and let us help you create a plan that keeps more of your hard-earned money out of the hands of the government.