Taxes

Great tax planning can lower and/or defer the tax you pay, thus freeing up assets for investment, business or personal purposes. The Law Office of Andrew M. Cohen can create a customized plan to save your family significant sums of money and create strategies designed to reduce the impact of taxes on your wealth.

The Law Office of Andrew M. Cohen regularly provides counseling to its clients to maximize family wealth and reduce the impact of income and/or estate taxes.

Some common planning techniques such as GRATS, QPRTS and irrevocable life insurance trusts help achieve the goals of freezing the value of your estate and/or reducing future tax liabilities.

Other sophisticated tax planning includes lifetime gifting, family limited partnerships and limited liability companies. These strategies can allow you to fractionalize the value of your estate providing a discount for taxes.