The accumulation, preservation and transfer of your family’s wealth are at the heart of our Trust and Estate Planning Practice Group. We are focused every day on helping our clients achieve these goals through comprehensive tax, business, and personal planning strategies. You receive personalized estate planning solutions to carry out your particular desires while minimizing taxes, maximizing financial benefits to your family and fulfilling your philanthropic objectives.
Focus on Clients
Business owners, farmers and ranchers, physicians, lawyers and other professionals, entrepreneurs, investors, executives, retirees and their families all trust Friday, Eldredge & Clark for counsel on these matters. We not only help individuals but also family-owned businesses and all types of tax-exempt organizations. We also advise fiduciaries on the administration of estates and trusts.
We effectively counsel individual and corporate fiduciaries, executors, administrators, guardians, trustees and beneficiaries on the estate administration and settlement process, guiding them through the legal requirements imposed by the governing documents and state law as well as the tax compliance obligations for fiduciary income taxes, estate and gift taxes and generation-skipping transfer taxes.
Focus on Services
Estate Planning - Every client’s estate planning environment and preferences are different, but everyone needs a complete and up-to-date estate plan. We can help you clarify and achieve your goals for the accumulation, preservation, and transfer of wealth in the context of your own unique circumstances. The process often involves creating a variety of lifetime and testamentary trusts and employing strategic wealth transfer techniques to protect and preserve family assets and to minimize the impact of taxes. We customize estate plans to suit your particular needs so that they address all the important aspects of your financial situation:
- Personal tax planning
- Business planning
- Retirement planning
- Life insurance planning
- Planning for disability and special needs
- Risk management and asset protection
- Family legacy and philanthropy
While much of our work involves plans for saving taxes and transferring assets at one’s death, a comprehensive approach that considers all of these factors can promote your financial success today. A complete plan will also prepare you and your family for lifetime risks such as incapacity and will include documents such as durable powers of attorney, advance health care plans and living wills in addition to testamentary wills and trusts.
Probate & Trust Administration - Your estate plan is effective only if it is properly executed and administered. Our lawyers will work with your executors and trustees in matters of probate and estate and trust administration to see that your wishes are carried out and your loved ones are protected.
Nonprofit Corporations, Charitable and Tax-Exempt Organizations - If your plans include a significant role for philanthropy, we can help you maximize the impact of your giving by determining the most tax-efficient techniques and the most effective vehicles to accomplish your charitable objectives. Our lawyers are experienced in establishing family foundations and public charity-supporting organizations, as well as charitable remainder trusts and charitable lead trusts which benefit both family and charity, while securing the advantages of income, estate, and gift tax deductions.
Family Businesses - Family businesses pose special estate planning challenges, and Friday, Eldredge & Clark is skilled at all aspects of business asset and succession planning. We will help you achieve personal and business objectives through effective corporate and tax strategies. Our tax lawyers have advised founders of many public and private companies on estate planning, business succession planning, financial and liquidity planning.
Focused on our Team
Our team of Trust and Estate Planning attorneys are highly ranked by legal publications including Best Lawyers in America, Chambers High Net Worth and Mid-South Super Lawyers. In Best Lawyers, all of the group’s partners are recognized for their work and two were named "2018 Lawyer of the Year" for their work in Trust and Estate Litigation and Non-Profit/Charities Law. Additionally, Best Lawyers/U.S. Newsranked the group the highest in the state in Non-Profit/Charities Law. Chambers High Net Worth recognized four of the group’s attorneys for their work in Private Wealth Law and four of the group’s attorneys were recognized as Mid-South Super Lawyers.
Many of the attorneys in the Trust and Estate Planning practice area are Certified Public Accountants (inactive) and all have Master of Laws in Taxation. Seven attorneys have been named as a Fellow by the American College of Trust and Estate Counsel.