Our Services
Basic Estate Planning
Everyone should have a basic estate plan, and everyone should review and, if necessary, update their basic estate plan every few years.
A basic estate plan should include a pour-over will, a revocable living trust, a power of attorney for financial matters, a power of attorney for health care, and for taxable estates, an irrevocable trust.
Advanced Estate & Legacy Planning
At Generational Strategies Group, LLC, we founded our firm as an advanced trust and estate planning practice to provide high net worth clients with the best wealth preservation strategies. We have over 30 years of experience serving clients with the most sophisticated estate planning and wealth transfer strategies in Naples and Ft. Myers, FL, tending to all their legal needs to preserve their legacies and financial welfare for current and future generations.
Techniques we use may include one or a combination of the following: Charitable Remainder Trusts (CRTs/CRATs/CRUTs) Family Limited Partnerships and Family Limited Liability Companies (FLP/FLLP), Generation-Skipping (Dynasty) Trusts, Grantor Retained Trusts (GRTs/GRATs/GRUTs), Installment Sales to Intentionally Defective Grantor Trust (IDGT), Irrevocable Life Insurance Trusts (ILITs), and Qualified Personal Residence Trusts (QPRTs).
Asset Protection Planning
We take pride in our cutting-edge, innovative strategies to keep our clients’ funds, businesses, and other assets from depleting due to tax and other financial concerns. With our tax deferral and asset protection services, we help ensure your assets remain yours through our close relationships with tax and corporate professionals. These relationships provide expertise in dealing with matters like the Internal Revenue Service (IRS) and professional negotiations.
Business Succession Planning
Succession planning is critical to ensuring the continuation of any family-owned business, particularly if the owner plans to retire in 10 years or less. An effectively developed succession plan provides for a smooth transition in management and ownership with a minimum of transfer taxes. Given the number and complexity of succession options available, effective succession planning requires time, the assistance of outside advisors, the input of family members, and the willingness to address interpersonal conflicts that can arise during the planning process. Once completed, the succession plan will provide peace of mind for the business owner and key employees, personal satisfaction for family members, and new opportunities for the business itself.
Life Insurance & Life Settlements
Generational Strategies Group can help you purchase life insurance to create significant money outside your estate by repositioning assets through lifetime gifting. You can use life insurance to pay estate tax, final expenses, equal inheritance between family members, and create additional tax-free wealth. Life insurance is the only asset class where death eliminates tax, according to the Internal Revenue Code.
You can sell your existing insurance policy to a third party and collect a one-time liquid payment. This action is known as a life settlement. You will typically collect a larger amount than the surrender value, but it will be less than the associated death benefit. By completing the sale, the insurance policy buyer becomes the primary beneficiary. We review your policy and settlement options in detail to consider and file each aspect carefully. Unaffordable premiums, family emergencies, and retirement are examples of why you might need to perform a life settlement.
The Zero Estate Tax Plan
The Zero Estate Tax Plan is an approach to estate planning which results in no federal or state death taxes being paid. There are several ways to achieve a zero estate tax.