ESTATE AND GIFT TAX REPRESENTATION SERVICES
WKBK&Y Estate and Gift Tax Representation Services are integrated into its Estate Planning practice wherein our lawyers advise in every area of estate and gift planning, including income, estate and gift taxes. In the past several years, the ongoing changes in the estate and gift tax laws and regulations have made it critical to be prepared to address future uncertainties in the law. Our firm’s estate planning clients are not limited to Sacramento and Northern California; our attorneys also advise out-of-state clients on estate and gift planning for California held property and in-state clients on out-of-state held properties.
Our tax attorneys provide assistance for tax issues pertaining to both basic and advanced estate planning. We can also help with donations to charities—including donations made through a charitable remainder trust—plus plan to minimize estate taxes and advise trustees.
We assist with many areas of planning, both traditional and nontraditional. Bypass trusts, QTIP trusts and other irrevocable trusts involve significant estate and income tax issues. In addition, our firm is involved with structuring insurance trusts, qualified personal residence trusts (QPRTs) and grantor retained income and annuity trusts.
WKBK&Y is also recognized for its advice and planning for tax issues affecting estate planning for life partners and registered domestic partners. We can even assist with estates created in the 2010-year, including step-up basis allocations for estates electing to not be subject to estate tax for that year.
We advise on family limited partnerships and limited liability companies as to tax issues affecting succession issues. Plus, we monitor legislation and cases as to the recognition of family limited partnerships and the maintenance of the limited partnerships, including incidents of ownership and control cases, under Section 2036 and 2083 of the Internal Revenue Code.
Our firm advises and represents clients for many estate and gift tax issues. These issues include generation skipping tax (GST), planning for annual exclusions, the unified credit and post-mortem tax planning. We also assist with making qualified disclaimers, qualified S Corporation trust elections and other complex tax issues for estates and trusts.