Estate Planning / Wills & Trusts
Tillmann Law provides comprehensive representation on estate planning and wealth management matters to families and individuals, estates and trusts, closely-held businesses and foundations in Utah, the United States and Internationally.
From assisting clients in designing their wealth preservation and transfer plan, minimizing the impact of taxes, to meeting their fiduciary responsibilities, our ability is to listen to our clientele and guide them in their goals and dreams.
While many of our clients are high net worth individuals and families, we feel it is important that each and every individual have a plan that fits their families needs, thus we provide flat fee services to many families that can utilize a basic estate plan. We also assist many privately held companies, counsel public companies, foundations and non-profit companies.
How We Work With YOU!
It is important for our clients to understand that we will do everything to assist them in their goals, and become a lifelong advisor to their family or business. We therefore take a very personal approach to our clients, meeting their needs and working with their time and resources.
Many times a clients goal may require outside advisors and other professionals. In these instances we give the client a suggestion, however, we always defer to their choice and will work with your current professional team.
With our firm-wide resources, we deliver experience in a wide range of areas beneficial to our private clients, including:
Wealth Transfer Planning and Estate Planning
- Gift, estate, and generation-skipping transfer tax planning
- Irrevocable trusts, including intentionally defective irrevocable trusts (IDITs), grantor retained annuity trusts (GRATs), qualified personal residence trusts (QPRTs), and irrevocable life insurance trusts (ILITs)
- Dynasty trusts
- Community and marital property planning
- Wills and revocable trusts
- Powers of attorney and living wills
- Asset titling and customized beneficiary designations
Trust and Estate Administration
- Estate administration
- Trust management
- Family dispute resolution
- Representation of individual and corporate fiduciaries
- Fiduciary duty issues and avoidance of conflicts of interest
- Trust construction and reformation
- Post-mortem tax planning strategies
- Estate tax return preparation
Charitable Planning and Tax Exempt Organizations
- Charitable gifting strategies
- Charitable trusts, including charitable lead annuity and unitrusts (CLATs and CLUTs) and charitable remainder annuity and unitrusts (CRATs and CRUTs)
- Conservation easements
- Family foundations
- Tax exempt status
- Tax compliance, governance, risk management and other legal issues
Business Succession Planning
- Family limited partnerships and limited liability companies
- Key employee ownership and incentive compensation planning
- Buy-sell agreements
- Business succession trusts
Marital Agreements
- Prenuptial and postnuptial agreements and planning
- Cohabitation agreements and planning
Income Tax
- Choice of entity/pass-through taxation
- State income tax situs and minimization issues
- Fiduciary income tax
Litigation and Alternative Dispute Resolution
- Tax controversy matters
- Will and trust contests, construction and reformation suits, and other fiduciary litigation
- Structure negotiated solutions to trust and estate controversies
- Challenges regarding fiduciary duties
