Salter McGowan Sylvia & Leonard Inc

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Estate planning and administration

We are well versed in both fundamental and sophisticated trust and estate planning techniques that will avoid intra-family control issues, provide asset protection, and assure smooth business succession with the least amount of estate and gift taxation.

This work is often done for clients who are owners of closely-held business enterprises, which the Firm also represents, as we understand the need to coordinate the business, corporate and income tax planning of businesses with the lifetime management of the assets of their owners and the succession and appropriate distribution of such assets through effective estate planning. This is accomplished through coordinated use of various techniques, which may include the strategic creation of family limited liability companies and family limited partnerships, gifting programs involving valuation discounts of family businesses, creation of so-called GRAT’s, GRUT’s, QPRT’s, CRUT’s, CRAT’s and IDGT’s, stock recapitalizations, creation of revocable and irrevocable trusts, selection of appropriate fiduciaries, and the freezing of the value of an individual’s taxable estate.

For individual clients, the Firm frequently prepares wills, trusts, living wills, powers of attorney, and a variety of other sophisticated estate planning documents. We structure estates to maximize flexibility and minimize the payment of state and federal estate taxes. Our practice also includes Medicaid planning, probate administration, implementing techniques to address and thoughtfully provide for circumstances that arise with second marriages, and an expanding representation of the elderly and disabled by finding and implementing creative solutions to the unique legal issues they encounter.

Salter McGowan Sylvia & Leonard Inc
321 S Main St
Providence RI 02903
Tel: 401 274-0300
Fax: 401 453-0073

We apply knowledge, common sense and sound judgement to what we do best.

Since 1953, Salter McGowan Sylvia & Leonard has been providing our clients with comprehensive legal services that help them successfully meet their business and financial goals.

Our services are offered in a distinctly personal, professional and unpretentious manner. We concentrate on what we do best and focus on your success.