Trusts & Estates and 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 Gentry Collins

LEXINGTON, Ky.—Stites & Harbison, PLLC welcomes attorney Gentry C. Collins to the firm. She joins the Trusts & Estates Service Group and will be based in the firm’s Lexington, Ky., office servicing clients across the Commonwealth.

by Stites & Harbison, PLLC July 11, 2022
Press Releases

Rob Moore Named Stites & Harbison’s Frankfort Office Executive Member

FRANKFORT, Ky.—Stites & Harbison, PLLC attorney Rob Moore has been named Office Executive Member for the Frankfort, Ky., office. He succeeds attorney Mark Overstreet, who has led the office since 1997.

by Stites & Harbison, PLLC April 12, 2022
Press Releases

Stites & Harbison Grows Its Atlanta Office with the Addition of Owen Gleaton Attorneys

ATLANTA—Stites & Harbison, PLLC announces that all seven attorneys from Owen, Gleaton, Egan, Jones & Sweeney, LLP have joined Stites & Harbison’s Atlanta office.

by Stites & Harbison, PLLC January 24, 2022