Cases, Clients and Outcomes

1. May 12 2001--Client: Dr. G (Executor)

The client, who is a resident of California, and his sister, a resident of another state, were the sole beneficiaries of a large estate in Virginia (state number three). The estate taxes alone were in the seven-figure range. Probate took place in Arlington, Virginia.

Our Principal Tax Strategist used an Optimal Disposition Timing Strategy in order to optimize the complicated asset transfer in addition to performing all of the related Accounting, Inventories, Valuations, etc necessary to process the massive estate. We also prepared and filed the Federal Estate Tax Return as well as State Estate Tax Returns in the following three states:

• Virginia,
• Texas, and
• Hawaii.

The executor had our work reviewed by two of the top firms in Los Angeles.

"...[I received a] 2nd opinion [about the quality of your work] from local expert, Joel Glucoft of Kelogg & Andelson. He thought your work was excellent!! And said that it was probably the most detailed documentation that he had ever seen!”

Executor of the Estate

2. The Estate of Mrs. N. W.

This case speaks of our ability to process urgent cases in a timely yet thorough manner.

Due to the time constraint imposed by law, and the fact that the family had tried to do the work themselves (only to discover in the eleventh hour that they really needed professional help); we had one week to complete a full blown probate case.

In this case, the deceased did not leave a trust. Nevertheless, we still had to prepare and file an Estate Tax Return (the 706), 1040 (final), 1041(final) and all supporting court documentation to successfully complete the process.

3. Monitoring Portfolios daily to transfer assets at optimal points, we saved a small estate over $40,000 in Federal Estate Taxes.

4. Without our timely intervention, a distribution approved by a well-meaning attorney processing estates in a text book manner would have cost the beneficiaries approximately $350,000 in additional estate taxes.

5. Drafted wealth transfer plan for an estate worth over $50,000,000 resulting in immediate tax savings of $3,000,000 and potential long-term savings in excess of $10,000,000 over the attorneys’ recommended plan.

6. Forensic Analysis corrected problems caused by inexperienced professional advise and saved the family over $200,000 in estate tax.