Estate Planning Advice and Documentation Customized to Each Client's Unique Needs and Objectives.

At Henderson & Caverly LLP, we pride ourselves on providing the most sophisticated advice to individuals, families and charitable foundations. Our practice covers all aspects of estate planning, from basic planning (such as the creation of wills, revocable living trusts and life insurance trusts) to wealth preservation, charitable giving, business succession, and estate freezes.

We believe in the value of educating our clients on the wide variety of techniques that are available to save taxes and preserve family wealth, including such vehicles as revocable living trusts, incentive trusts, generation-skipping ("dynasty") trusts, family limited partnerships, insurance trusts, grantor retained annuity trusts, qualified personal residence trusts, charitable trusts, and family charitable foundations.

We do not believe that "one size fits all" when it comes to estate planning. We pride ourselves on providing our clients estate planning advice and documentation customized to their personal goals and the needs of their families. Each estate planning document we prepare is designed to achieve the client's unique tax and non-tax objectives.

Some of the Estate Planning Vehicles Available from Henderson & Caverly LLP:

Wills
Revocable Living Trusts
Health Care Advance Directives ("Living Wills")
Powers of Attorney
Family Limited Partnerships and LLCs
Irrevocable Life Insurance Trusts
Dynasty (Generation-Skipping) Trusts
Incentive Trusts (see discussion below)
Educational Trusts
Grantor Retained Annuity Trusts
Qualified Personal Residence Trusts
"Intentionally Defective" Grantor Trusts
Private Annuities
Self-Canceling Installment Notes
Charitable Remainder Trusts
Charitable Lead Trusts
Family Charitable Foundations
Charitable Supporting Organizations
Business Buy-Sell Agreements

ESTATE PLANNING DISCUSSIONS:

• Wills vs. Revocable Trusts
  Discussion of the Advantages and Disadvantages of Using a Funded Revocable Living Trust for Testamentary Estate Planning
• Estate Planning for Married Couples
  An overview of the essential estate planning documents for married couples living in California
• Frequently Asked Estate Planning Questions
  This discussion addresses many questions frequently asked of us by our estate planning clients.
• Incentive Trusts-Part I
  Incentive Trusts are designed to insure that inheriting wealth does not rob the beneficiary of his or her motivation. Part I of this Article considers incentive and disincentive provisions that are designed to create a positive family financial legacy.
• Incentive Trusts-Part II
  Part II in the Incentive Trust series discusses incentive and disincentive provisions to avoid, as well as how a well drafted trust can help train a beneficiary in such important wealth management issues as budgeting, business planning, prudent investing, and estate planning.
• Estate and Tax Planning with Conservation Easements
• Current Developments Affecting the Use of Family Limited Partnerships in Estate Planning:
  Planning and Drafting in Light of Recent IRS Victories and Defeats
• Maximizing the Benefits of the Gift Tax Annual Exclusion
  How It Works and How It Doesn’t
• Estate Planning for the Passage of Family Vacation Homes Using Conservation Easements, QPRTs, Family LLCs, Dynasty Trusts and Other Strategies

Circular 230 Notice: In accordance with IRS Treasury Regulations, we are required to notify you that any tax advice given herein (including attachments) is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (1) avoiding any penalties that may be imposed by any governmental taxing authority or agency or (2) promoting, marketing or recommending to another person any tax related matter.