For us, income tax planning and gift and estate tax planning are complementary pursuits, which is why we often refer to ourselves simply as “tax lawyers.”

While many of our clients focus on minimizing the burden of gift taxes or estate taxes, we are always mindful of the income tax ramifications of any estate tax planning technique.  For example, transferring interests in family businesses or family investment partnerships with estate tax goals in mind also requires careful consideration of the income tax consequences for the owners, whether individuals or trusts.

Because of our experience with income tax planning, we advise our clients on techniques to minimize or defer recognition of income, independent of, or in conjunction with, any gift and estate tax planning. These techniques include installment sales, deferred payment arrangements and tax-deferred exchanges. We also help our clients determine the most income tax efficient structures to use for their business activities.