Orr & Reno has a long history of assisting clients with both basic and sophisticated estate planning services. Our attorneys possess decades of experience working with high net worth clients to develop and implement comprehensive strategies to further each client’s unique objectives. Our focus is to preserve wealth, avoid or minimize probate, plan for the succession of business interests, provide strategic gift giving, and address lifetime and end-of-life issues.
A thoughtfully prepared estate plan not only minimizes taxes and administrative costs, it can also preserve family relationships and safeguard assets after the client’s death. Some clients wish to leave a lasting legacy to charity. Estate planning can also ensure that during any period of incapacity, the client’s wishes regarding their health care and the management of their assets are followed. We work closely with clients to understand their vision for the future and the legacies they wish to leave.
Depending on a client’s objectives and assets, we can provide a comprehensive range of estate planning documents to ensure that these objectives are carried out. At the core of every estate plan are basic documents including a will, revocable trust (also known as a “revocable living trust”), durable financial power of attorney, New Hampshire Advance Directive (consisting of a durable power of attorney for health care and a living will), and designation of personal representatives under HIPAA.
In addition to the basic documents, we assist clients in implementing a number of more sophisticated estate planning procedures designed to preserve assets for future generations; reduce or postpone gift, estate, and generation-skipping transfer tax liability; plan for the succession of a business or family vacation property; address the distribution of assets outside of New Hampshire; and accomplish philanthropic goals. These may include one or more of the following:
- Marital Deduction and Estate Tax Exemption Trusts
- Disclaimer Wills and Trusts
- Generation-Skipping Transfer Tax Trusts and Dynasty Trusts
- Incentive Trusts
- Trusts for Minors
- Special Needs Trusts
- Irrevocable Life Insurance Trusts
- Qualified Personal Residence Trusts
- Charitable Giving through Trusts, Bequests or Conservation Easements
- Limited Liability Companies
- Grantor Retained Annuity Trusts
- Intentionally Defective Grantor Trusts
In addition to meeting with clients to discuss and develop individually tailored estate plans, our dedicated team of attorneys, paralegals and legal assistants work closely with the client’s accountant, financial planner and other advisors to coordinate all aspects of the client’s estate plan. Our utmost concern is making sure that our client’s wishes are accurately memorialized, and that their estate plan is crafted to optimally address legal, financial, tax, familial and other concerns.
