Rarely do I give 5 stars but Attorney Kevin Strait answered all my questions about starting my business and helped me analyze my start-up costs. He’s incredibly knowledgeable and made my life so much easier.
Seriously impressed.
Estate Planning
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High Net Worth Estate Planning
To ensure your loved ones are taken care of after you pass away, you need to have an estate plan, especially if you have a significant net worth. Assessing your current financial arrangements is essential to determine your legal and financial circumstances.
With the help of Anzen Legal Group you can leave a lasting legacy to protect your family’s future. Whether you need to update an existing estate plan or wish to create a new one, we work with you to tailor an estate plan that meets your unique needs.
What is Considered High Net Worth?
A high-net-worth individual has liquid assets worth $1 million or more. The federal estate tax exemption threshold for 2022 is $12.06 million per individual in a lifetime and $24.12 million per married couple. You do not have to pay any federal tax on gifts or estates transferred after death on amounts under these totals. Estates that exceed this tax-exempt threshold may end up owing millions in taxes to the federal government without a high net worth estate plan.
Our estate planning experts can assist you with a comprehensive family estate plan that considers all your assets and other issues regardless of your net worth.
Our Planning Services Can Help High-Net-Worth Individuals
As part of our estate planning services, Anzel Legal Group advises clients in several areas:
Business Succession
Business succession planning refers to the financial and logistical decisions you make regarding the management of your business when you retire, become ill, or pass away. To draft a succession plan, you must identify the ideal successor to take over your affairs in your absence. Then, you determine the best selling arrangement. This usually involves a buy-sell agreement secured with a life insurance policy or loan.
Asset Protection
Many people avoid opening the conversation on estate planning despite their high net worth because the topics of mortality and inheritance are uncomfortable. However, it is important to ensure the wealth you have worked hard to grow benefits your loved ones after your passing. When you prioritize estate planning, you are protecting your family and your assets in the future.
As a high-net-worth individual, you need a plan in place to ensure your assets are distributed according to your wishes. It’s critical to have an updated will that accounts for changes to your family dynamic, such as births, marriages, divorces, deaths, or other significant life events.
When you have a high net worth, you should also consider creating a trust and designating beneficiaries to reduce the amount owed in taxes.
Powers of Attorney
If you become incapacitated, a power of attorney authorizes someone you trust to make legal, financial, and healthcare decisions on your behalf. An estate plan with clearly defined powers of attorney is crucial for the long-term viability of your high-net-worth estate.
Get Help Planning Your Future With Anzen Legal Group
When you meet us for a consultation, we review your situation to create an estate plan that protects your family and legacy. Schedule your appointment today for estate planning assistance when you have a high net worth.
The Anzen Legal Group, represents clients throughout Colorado in communities such as Fort Collins, Denver, Colorado Springs, Boulder, Aurora, Grand Junction, Centennial, Greeley, Castle Rock, Lakewood, Broomfield, Arvada, Pueblo, Parker, Longmont, Westminster, Loveland, Thornton, Commerce City and Canon City.
Representation You Can Count On
For estate planning, business formation, or assistance with your business strategy, work with Anzen Legal Group. Our team is eager to support local businesses and their families across the Centennial State.
We also represent clients in contract disputes, family law matters involving divorce, child custody, and more. Our experienced Colorado lawyers listen attentively and provide trusted counsel for any legal situation you may encounter.
Call us at (970) 893-8857 to speak with one of our attorneys and start the process of protecting your rights, assets, and future.
Testimonials
I call Kevin with Anzen Legal for all of my aviation business’s legal needs. His advice was invaluable to my business start-up process.
Attorney Kevin Strait did an amazing job to help us get out of an urgent predicament that required immediate action over a weekend in a complex matter. He was extremely responsive to our needs and his counsel was spot on and helped resolve the situation within less than 72 hours. Highly recommended!
Kevin, one of the attorneys, does a great job explaining how the law works for me and against me whenever I have a business question.
Kevin at Anzen Legal helped me avoid some legal pitfalls in my industry association meetings. He does a great job applying legal knowledge to the real world of business.
One of the attorneys, Kevin Strait, walked me through all my options for starting a non-profit. He was able to boil down the process to the essential things I needed to know.
The team at Anzen are without a doubt the best I have worked with. Not only are they competent, professional, and knowledgeable, but they are the 1% of attorneys that the 99% are giving a bad name to. Do yourself a favor, and place all your legal affairs in their capable hands. I didn’t regret it and neither will you.
I have had the privilege to work with Mr. Strait on both personal and professional levels, and I have a deep level of respect for him in both areas. Mr. Strait is a competent attorney which is further enhanced by his prior engineering and business experience. What I most deeply respect about Mr. Strait is his integrity and his care for people as individuals, and I consider him heroic in both. I continue to rely on his services, and I commend him to others as well.
