We represent individuals who have worked hard to achieve financial success. They naturally wish to be able to enjoy the fruits of their labors and to assure the continued financial security of their family. Estate planning is the cornerstone of a sound financial foundation. The estate plan is necessarily interwoven with an individual or family's business and financial plan and often requires a mutuality and balance of objectives.
To achieve these objectives, each of the attorneys at Hyden, Miron & Foster utilize their considerable knowledge in the areas of income taxes, estate and gift taxes, generation-skipping transfer taxes and excess distribution taxes. In addition, each is skilled and experienced in using trusts and business entities to protect assets, as well as in structuring assets to avoid income and estate taxes.
For example, many of our clients have benefited from the creation of revocable trusts, popularly referred to as living trusts. These documents like wills, remain changeable until the time of the individual's death, but eliminate the delays and costs associated with probating an estate. For the mature individual or married couple with a comfortably-sized net worth, we believe that the living trust should constitute the central part of an estate plan.
We emphasize in our planning discussions the importance of "asset protection" as there are many challenges to wealth accumulation than just income and estate taxes. Protecting assets from needless risks such as tort judgment creditors or vindictive former family members are some of the issues that we raise in creating estate plans for our clients. We also realize that estate planning is an on-going process and we typically review these plans every few years for changes in the law or in the clients' personal lives.
At Hyden, Miron & Foster, we believe that charitable contributions and bequests may play a beneficial role in achieving the goals for our clients, so we frequently incorporate them in the estate plans we implement.
In preparing our estate plans, we make good use of sophisticated computer programs which enable us to analyze a client's financial position and predict the likely estate tax consequences before and after changes are made. In this way, we are able to "pretest" our estate plans to see if they maximize client benefits.
Finally, we emphasize that we want to work closely with your other advisors such as bankers, financial planners, accountants and investment advisors as we develop your estate plan. As you direct, we want these professionals to have knowledge and input in the design and oversight of your plan.
200 Louisiana Street Little Rock, Arkansas 72201 Phone: (501) 376-8222 Toll Free: (800) 467-8297 Fax: (501) 376-7047 E-mail: firstname.lastname@example.org
557 Locust Avenue Conway, Arkansas 72034 Phone: (501) 336-8822 Fax: (501) 336-8688 E-mail: email@example.com
4501 N Highway 7, Ste. E Hot Springs Village, Arkansas 71909 Phone (501) 984-6366 E-mail: firstname.lastname@example.org
123 West 2nd Pine Bluff, Arkansas 71601 Phone: (870) 536-8222 E-mail: email@example.com
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