Trust and Estate Planning and Administration
Shaping a bright future for those who matter most
Strauss & Troy lawyers offer clients in Ohio, Kentucky and Indiana the comprehensive advice and planning necessary to minimize taxes and achieve their financial goals. The services we provide are comprehensive, but we also provide sharply focused assistance to the groups for whom estate planning and administration can be critically important:
For assistance with how to get started planning an estate, you may want to begin by looking at some estate planning resources we provide on this site. See Five Steps to Estate Planning, estate planning questionnaires, advance directives forms and definitions of common terms.
Families with young children
When you have young children, you become immersed in the joy of their lives and the responsibilities of caring for their every need. As difficult as it is to consider, it's also imperative to plan for their care should you die or become unable to do so before they reach adulthood.
There are plans and choices to make regarding your last will and testament, guardianship, beneficiaries for life insurance and creation of a trust. Some of these steps can be challenging or confusing. The attorneys in the Strauss & Troy estate planning department have decades of experience helping young parents like yourself. They know the questions to ask and can help address your concerns.
Business succession planning
After the years of hard work and dedication that business owners spend building their enterprises, the tragic fact is that roughly 70 percent of family-owned businesses never survive to the next generation. We want to help you become the exception by providing you with the business transition and estate planning documents that secure the entities you've created and provide the structure you need to continue to support you in your retirement.
Among other issues, lack of proper succession planning often results in some combination of the following:
- Unnecessary taxes
- A stressful, chaotic and time-consuming transition process
- Damage to business growth rates
- Business failure
At Strauss & Troy we work with our clients to ensure they get the greatest return on those years of investment. We help you establish a plan that will allow the business to continue to flourish and generate income after you retire.
Tax benefits vary depending on a number of factors that are unique to your business, its management structure, its cash flow structure and the personalities of the owners. Solutions are as wide-ranging as the variables. We tailor the process to your circumstances, guiding you through the options that will yield the greatest benefits for you and the smoothest transition for your company.
High-net-worth individuals
You have worked hard to earn your wealth. It just makes sense to take the precaution of safeguarding your assets for retirement and for eventual distribution to your loved ones.
The estate planning attorneys at Strauss & Troy can help you achieve these goals. They create estate plans based on your individual needs and circumstances, and focus on minimizing your tax liability. For example, did you know that federal estate tax represents the largest potential tax burden that high-net-worth individuals face? Unfortunately, it is also an area that is frequently neglected by individuals and by some estate planning services.
If you have a large estate, it is important that you contact the estate planning attorneys of Strauss & Troy now. They can help develop an estate plan that leaves a legacy reflective of your unique circumstances and benefits those you leave behind.
