The Gartenberg Law Firm, P.C. was established to assist our clients in the orderly distribution and management of their assets at death or during incapacity. With the use of a Living Trust, we will assist you to take advantage of the federal unified credit which offsets gift tax and estate tax liability of your estate. 

Every person has an amount that they can pass on free of estate tax when they die.  This is often referred to as the estate tax exemption.  Currently, that amount is $1.5 million for years 2004 and 2005.  This amount is scheduled to rise to $2 million from 2006 through 2008, with another jump to $3.5 million in 2009.  Under current law that amount is due to go away altogether because the estate tax has been repealed for the year of 2010.  Unless the law changes in 2011, the estate tax exemption reverts back to what the laws were in 2001.  It is complicated, so the best approach is to break it down one year at a time.  For now a person has $1.5 million dollars that they can pass on free of estate tax. For couples it is $3 million.

When drafting an estate plan it is important that you understand what you are signing and the mechanics of how the documents work. The Gartenberg Law Firm, P.C. explains each step of the planning process to you in terms that you can understand to assure that you are using the estate planning documents to their fullest. 

The Gartenberg Law Firm, P.C. will assist you in transferring assets to your trust to assure that your assets are titled properly in order to obtain the best tax benefits.

The Gartenberg Law Firm, P.C. will work closely with your other investment advisors, financial consultants and accountants to assure that your assets are transferred quickly and correctly into your trust.