At Bannon, Ohanesian & Lecours, Inc., we can show you how to
maximize your wealth that will ultimately be passed to your beneficiaries by
minimizing the taxes on your estate. We will also help you analyze the need for appropriate executors,
trustees and guardians for your children. 
Minimize the Impact of Estate Taxes
Under current law, federal estate taxes can claim up to 55% of your assets at
your death. The appropriate trust arrangement can help you minimize your estate
tax liability.
Avoid Probate
In most cases, if you only have a will at your death, your assets must go through probate, a
public and possibly a costly process. A properly structured living trust will ensure that your assets are distributed privately and quickly
to your beneficiaries according to your wishes.
On June 7, 2001, the Economic Growth and Tax Relief Reconciliation Act was signed by President Bush, bringing many changes over the next decade. Effective January 1, 2002, federal estate taxes will be steadily reduced and eventually abolished in 2010. Without further congressional action, however, the law as it existed in 2001 comes back into effect for 2011 and thereafter.
Contact an investment professional to answer questions and assist you with this process.
Bannon, Ohanesian and Lecours provides a broad array of sophisticated estate and tax planning services, retirement and financial planning, for individuals as well as families. We also work in close alliance with the tax attorney and accountant which are critical components of your estate planning team.
