Estate Planning Attorneys in Upstate New York
Protect Your Legacy with Strategic Wealth Preservation
You’ve worked hard to build financial security for your family—don’t let unnecessary taxes or poor planning diminish what you leave behind. At Ianniello Anderson, P.C., we help clients throughout Eastern Upstate New York protect and transfer their wealth through thoughtful and strategic estate planning.
From basic wills and trusts to advanced techniques like Qualified Personal Residence Trusts (QPRTs), Family Limited Partnerships (FLPs), and Irrevocable Life Insurance Trusts (ILITs), our attorneys design customized plans based on your goals, family dynamics, and financial situation.
Our Estate Planning Services Include:
Drafting wills, trusts, and powers of attorney
Advanced wealth preservation strategies
Probate and estate administration, including complex and ancillary probate
Post-mortem tax planning
Coordination with financial advisors, CPAs, and family offices
Asset protection and business succession planning
Our estate attorneys work closely with our corporate, real estate, and litigation departments to provide fully integrated legal guidance that accounts for every aspect of your estate and business interests.
Advanced Estate Planning Tools
Family Limited Partnerships (FLPs)
FLPs allow you to transfer assets to family members at a reduced gift and estate tax cost while retaining control. Key benefits include:
Reducing the value of your taxable estate
Leveraging valuation discounts for lack of control and marketability
Maintaining control of income-producing assets
Gifting partnership interests using the annual gift tax exclusion
Protecting assets from creditors
Qualified Personal Residence Trusts (QPRTs)
A QPRT allows you to transfer your primary or vacation home to a trust, freeze its estate tax value, and continue living in it for a set term. Benefits include:
Significant estate tax reduction
Continued use of your home during the trust term
Additional estate value reduction through post-term rent payments
Asset protection from creditors due to change in ownership
Irrevocable Life Insurance Trusts (ILITs)
An ILIT removes life insurance proceeds from your taxable estate, preserving their full value for your beneficiaries. Advantages include:
Exclusion of life insurance proceeds from your estate
Liquidity to pay estate taxes, debts, and final expenses
Custom control over how and when proceeds are distributed
Protection for beneficiaries with unique financial needs
Take Control of Your Estate Plan
Our attorneys guide you through each option and work directly with your financial team to build an estate plan tailored to your long-term goals. Whether you need basic estate documents or sophisticated tax-advantaged strategies, we’re here to help you preserve your wealth and protect your legacy.
Call us today at 518-371-8888 to schedule a consultation at one of our offices in Albany, Clifton Park, Saratoga Springs, or Glens Falls.
Protect What Matters Most
Whether you’re navigating a divorce, planning for your family’s future, or facing a serious legal challenge, we’re here to help. Our attorneys handle each personal legal matter with care, discretion, and a focus on results.
Use the form below to tell us what you need. We’ll follow up promptly to connect you with the right member of our team.
If your matter is time-sensitive, don’t wait—call us at (518) 371-8888 for immediate assistance.
