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Estate Planning For High Net Worth Families & Individuals

Your wealth is not just a measure of your assets – it’s also your legacy, the culmination of years of hard work and strategic financial decisions. Without a proper estate plan, all that wealth could be gone within a generation.

At Galbut, Walters & Associates LLP, we have been assisting individuals and families in Miami and the rest of Florida with all their high net worth estate planning needs for more than 70 years. We offer premier services and a tailored approach to every client. Miami is our home, so we have deep ties to the local community, and we know what goes into estate planning for high net worth individuals.

Strategic Use Of Trusts And Minimized Estate Taxes

Trusts are powerful tools in estate planning for high net worth individuals, offering flexibility, control and privacy. They also offer considerable tax mitigation possibilities, which is important since estate taxes can significantly impact the wealth you leave behind.

Our team specializes in developing tax-efficient estate plans. Your high net worth estate planning attorney in Miami can help you explore:

  • Intentionally defective grantor trusts (IDTs)
  • Revocable and irrevocable trusts
  • Charitable lead trusts (CLTs)
  • Charitable remainder trusts (CRTs)
  • Crummey trusts
  • Generation-skipping trusts
  • Grantor-retained annuity trusts (GRATs)
  • Asset protection trusts (APTs)
  • Qualified personal residence trusts (QPRT)

Our high net worth estate planning attorneys can also help you develop additional approaches to your estate that will further reduce your estate’s tax liabilities. This may include gift strategies that leverage annual exclusions and lifetime exemptions and family limited partnerships (FLPs) or limited liability companies (LLCs), which can be used to consolidate and manage family assets.

Start Crafting Your High Net Worth Estate Plan And Your Legacy Today

The larger your estate, the more important it is to start planning early. At Galbut, Walters & Associates LLP, we recognize the unique complexities of high net worth estate planning in Miami and are committed to providing you with the sophisticated, personalized guidance needed to navigate these challenges successfully.

Call 305-701-9811 or email us to schedule your initial consultation with a Florida law firm that has decades of estate planning experience. We will tailor our approach with your goals and ideals in mind.