The attorneys at Pugh Hagan Prahm PLC are well versed in crafting simple wills, complex wealth transfers and business succession plans. For all of our clients, no matter the size of the estate or the business, our goal and approach are the same: to develop an estate plan that will best suit your inheritance and business succession needs and objectives.
Estate planning is essential to preserve family wealth and goes beyond just the drafting and execution of a will. In today’s society a broader approach to estate planning is necessary. Our attorneys formulate and implement long-term programs aimed at protecting your financial security for life while minimizing the tax burden of transferring wealth to the next generation.
The skilled and knowledgeable attorneys at Pugh Hagan Prahm PLC use federal, state and international death tax exemptions to your benefit. Our estate planning attorneys create personalized plans utilizing sophisticated estate planning techniques such as “Q-TIP” marital deduction trusts, “Crummey” trusts, special needs trusts , irrevocable life insurance trusts, generation-skipping transfer tax exemptions, private charitable foundations, charitable trusts, family limited partnerships and limited liability companies. We handle tax and probate matters for individuals and fiduciaries and counsel executors and trustees. We handle every aspect of estate planning for you, from tax planning to distributions from an estate or trust.
Protecting the wealth represented by a closely held business is a major part of our trust and estate planning practice. We tailor creative long-term business succession plans to minimize the potentially devastating effect of estate and inheritance taxes on closely held businesses. These plans may include the creation of partnerships, trusts, and other entities and the use of shareholder agreements. In the unfortunate event that there is a need for litigation, our firm has a strong litigation practice with experience in trust and estate litigation. We represent executors, trustees and beneficiaries on many trust and estate matters including will contests, document interpretation issues and other probate litigation matters.