"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:
- 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.
JEFFERSONVILLE, Ind.—Indiana University (IU) with the approval of the Indiana University Board of Trustees has awarded Stites & Harbison, PLLC attorney Robert W. Lanum with the honorary degree of Doctor of Humane Letters for his distinguished achievements, especially in support of IU’s Southeast campus.