High Net Worth Estate Planning

Estate planning goals for high-net-worth individuals may be different from basic estate planning documents. If you have a high net worth, then the chances are that you want to protect your heirs’ inheritance, while minimizing estate taxes and avoiding a lengthy, costly probate process.

Jeffrey B. Bock has more than 35 years of experience providing estate planning advice and guidance to high net worth individuals. Unlike basic estate planning documents, high net worth estate planning takes a more skilled approach and requires a legal expert that looks at your estate's big picture. Jeff will work with you to develop a custom high net worth estate plan that minimizes your risks and protects your assets.

What Do High Net Worth Estate Planning Include?

  • Minimizing Estate Taxes– Over the last several years, the IRS has increased estate tax limits, but there are no future guarantees that it will remain at a high level. If your estate exceeds current IRS limits and you want to minimize the amount of estate taxes your heirs will pay, an attorney can help structure trusts to decrease these fees.
  • Planning for Incapacity - Incapacity encompasses several different types of agreements, but ultimately allow you to provide care for any dependents, such as your spouse, a special needs child or your heirs. Additionally, you can use these documents to appoint a trustee to oversee and manage your finances and assets if you are incapacitated. If you are like most people, you do not want your end-of-life treatments to hinder your family financially. Having a health directive that clearly states your treatment limits can not only reduce court costs but also financially curtail any life-sustaining care.
  • Avoiding Probate – Probate is the legal process of distributing your property after you pass away. Probate is different in every state, and there are several ways to help minimize or avoid costly probate procedures. While attorneys can offer specific advice for your estate, general recommendations may include giving away some assets while you are alive, establishing a living trust, making some accounts payable upon your death or owning property jointly.

Contact Us to Learn More About High Net Worth Estate Planning

To discuss high net worth estate planning in more detail, please call 281-962-8529 in Texas or 561-392-8788 in Florida or request an initial confidential consultation online. During your initial meeting with Jeff, he will discuss your needs and help determine the best high net worth planning strategy for your estate.

Schedule Your Appointment