Welcome to Schwartz and Shapiro LLC.
Schwartz and Shapiro LLC.
Estate planning is the process of arranging for the protection of one's estate for his or her family or other beneficiaries. Among other things, estate planning seeks to eliminate uncertainty over the administration and disposition of assets, maximize the value of the estate by reducing taxes and other expenses, and provide for the care of minor children.
A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers some or all of his or her property to a trustee, which, in the case of a revocable living trust, is generally initially the settlor. The trustee holds that property for the trust's beneficiaries.
We advise business owners in setting up their business entities, whether corporations, limited liability companies or partnerships, documenting the terms of the business relationship and providing advice regarding tax-efficient transfers of business interests, whether to family members, co-founders, third parties, and/or charities.