Trusts, Estates & Family Law

Trusts & Estate Planning

"Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. [F]or nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions." Judge Learned Hand in the Dissenting Opinion to Commissioner of Internal Revenue v. Newman, 159 F.2d 848 (2d Cir. 1947).

The Stites & Harbison Trusts & Estate Planning Group enthusiastically agrees with Judge Hand's opinion above, and we work judiciously to help clients minimize their tax burdens.

The attorneys of Stites & Harbison’s Trusts & Estate Planning Group routinely serve clients in a range of matters that include:

  • Wills
  • Living trusts
  • Irrevocable trust agreements
  • Marital deduction trusts
  • Generation-skipping trusts
  • Qualified personal residence trusts
  • GRATs and GRUTs
  • Trusts for minors
  • Powers of attorney
  • Advance medical directives
  • Tax counsel for minimizing current income taxes, future inheritance and estate taxes, and taxes on retirement
  • Handling of income tax matters at death
  • Planning to avoid the generation-skipping tax
  • Exercising powers of appointment
  • Beneficiary and distribution decisions under qualified retirement plans and IRAs

We also provide to our clients special assets services such as:

  • Estate and trust administration services
  • Consultation and counsel to trust companies and individual fiduciaries
  • Representation of charitable and non-profit organizations
  • Management and disposition of valuable assets
  • Valuation of private businesses
  • Planning of beneficial interests under trusts
  • Advice on the use of family limited partnerships and limited liability companies to maximize transfer tax savings for business and family assets
  • Planning for foreign holdings
  • Advice with respect to charitable gifts of tangible property and appreciated securities and on "remainder" and "lead" gifts.
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Press Releases

Stites & Harbison Welcomes Katherine Moore Donnelly

FRANKFORT, Ky.—Stites & Harbison, PLLC welcomes attorney Katherine Moore Donnelly to the firm’s Frankfort, Ky., office. She joins the Business Litigation Service Group. She will also practice in the areas of Trust & Estate Planning and Administrative Law.

by Stites & Harbison, PLLC February 05, 2021
Press Releases

Bert Wolf Named Stites & Harbison’s Memphis Office Executive Member

MEMPHIS, Tenn.—Stites & Harbison, PLLC attorney Herbert B. Wolf Jr. (Bert) has been named Office Executive Member for the Memphis, Tenn., office.

by Stites & Harbison, PLLC September 04, 2020