DURRELL LAW GROUP, P.C.
1400 West Benson Blvd.
Suite 370
Anchorage, Alaska 99503
907 258.3224 Main
907 258.3229 Fax  
info@durrell.com

Estate Planning

Introduction

Durrell Law Group's attorneys are able to offer comprehensive estate planning services that strive to assist our clients in building, protecting and distributing their wealth - their way. Select the following link to view our letter to Prospective Estate Planning Clients regarding our estate planning services:

Estate Planning Organizer

We have developed an Estate Planning Organizer to assist our clients in organizing their personal and financial information prior to meeting with us. Gathering and organizing essential information is the first step in developing a thoughtful and comprehensive plan. Our organizer also asks a few questions that will get you thinking about the decisions you must make during the development of your estate plan.

Download our fillable* Estate Planning Organizer (in Adobe Acrobat .PDF file format). Select the link that applies to your situation:

* Please note that if you would like to be able to save your completed, or partially completed, Organizer you must first Save the PDF to your computer by right-clicking the link and choosing "Save target as..."

AK Advance Health Care Directive

Select the link below to view the Alaska Advance Health Care Directive:

Estate Planning Contact Information Update Form

If you are an existing client, we may have assumed responsibility for your original Estate Planning documents by storing them in our Fire King vaults. We provide the service as a courtesy to our Estate Planning Clients.  If your original Estate Planning documents are stored in our vault, we ask that you keep us informed of any changes to your contact information or of any other change that would affect our handling of your documents. The link below provides a convenient means for you to inform our office of changes to your contact information and to provide direction to us on the handling of your original Estate Planning documents.

Estate Planning Learning Center

We appreciate the importance that our clients and friends place on understanding the issues surrounding estate planning and the techniques that we frequently employ to address the issues. We therefore are pleased to offer an estate planning learning center that provides a wealth of on-line estate planning information as well as the means to request additional information from us.

On this site, you will find an easy-to-use calculator that enables you to estimate the amount of estate taxes your estate must pay before distributions may be made to your family or other loved ones.

Click here to enter the Durrell Law Group's Estate Planning:

Description of Services

Our comprehensive estate planning services include, but are not limited, to the following:

Estate Planning

  • Analyze and structure comprehensive estate plans that preserve and transfer a client’s wealth during the client’s lifetime and at death by minimizing the effect of the various transfer taxes (estate, gift and generation-skipping transfer taxes) applicable to individuals, families and businesses;
  • Prepare estate planning documents such as wills and trusts;
  • Utilize a number of sophisticated estate planning techniques including life insurance trusts, gifts (both charitable and non-charitable), the formation of private foundations and donor advised funds, grantor retained annuity trusts, installment sales of assets and qualified personal residence trusts;
  • Project estate and gift tax liability, recommend and implement strategies to minimize estate and gift taxes;
  • Recommend and implement strategies to protect family wealth from creditor claims;
  • Structure and implement annual gifting programs to transition wealth free of estate tax;
  • Plan for the management of a client’s wealth and personal care in the event of disability through the use of revocable trusts, financial and medical powers of attorney, and medical directives (also known as living wills); and
  • Negotiate and document prenuptial agreements, marital property agreements and divorce tax planning.

Estate Administration and Probate Process

  • Assist fiduciaries through the entire process of settling a deceased person’s estate;
  • Represent fiduciaries and beneficiaries in probate actions;
  • Prepare disclaimers and work with fiduciaries on valuation issues;
  • Prepare and file gift tax returns (form 709) and estate tax returns (form 706);
  • Represent fiduciaries before the Internal Revenue Service, from the commencement of the audit through the final stage at the IRS Appeals Division, regarding various tax matter, including estate and gift tax audits; and
  • Handle administrative disputes before the IRS.

Trusts and Trust Administration

  • Structure trusts to provide financial security to loved ones and to minimize taxes;
  • Create trusts, including various revocable and irrevocable trusts, including life insurance trusts, grantor trusts, annual exclusion trusts commonly known as Crummey trusts and minors trusts, generation-skipping transfer trusts, grantor retained annuity trusts and charitable split-interest trusts;
  • Advise individual and corporate trustees in the administration of their trusts and the discharge of their fiduciary powers, responsibilities and duties under applicable law;
  • Advise beneficiaries regarding their rights relating to their trusts; and
  • Analyze and implement charitable planned giving techniques, including charitable remainder trusts.

Tax and Business Planning

  • Develop strategies to pass a family business or closely-held business to the next generation or to key employees;
  • Assist with harmonious transfer of control at the business owner’s death to the next generation, even if some members of the next generation will not be involved in the active management of the business;
  • Plan techniques focusing on valuation issues resulting in potential significant tax savings for the business owner and the business owner’s family;
  • Structure and document family limited partnerships and other business entities to discount asset values for transfer tax purposes; and
  • Prepare buy-sell agreements to restrict the transfer of business interests outside of a family or group of business associates and to protect a business from the risks of an unanticipated death or disability.

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1400 West Benson Blvd., Suite 370
Anchorage, Alaska 99503
907 258.3224 Main 
907 258.3229 Fax   
info@durrell.com  

Designed by Kathleen Y. Lawyer
Staff Photos by Daryl Pederson, D&M Photo Studio
Last updated on June 05, 2009 07:41 PM