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Wealth Preservation

Helping You Plan for the Future

Our South Bay estate planning attorneys Brad N. Baker and Mary Korkodian are experts at guiding people through the estate planning process to help them maximize their goals and their peace of mind.

Keys to Wealth Preservation

A well-crafted estate plan is one of the foundations of wealth preservation for the present and for future generations. We spend time listening to each client to understand what their goals are and to present various options to help clients achieve their goals and have peace of mind. This is one of our primary goals when we work with clients. There are many estate planning tools we can use for those with the goal of wealth preservation.
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Wealth Preservation Process

These are some of the vehicles Baker, Burton & Lundy uses in wealth preservation:

  • AC or ABC Trusts
  • Discounted lifetime gifting, trusts using minority interests in entities such as limited liability companies
  • Generation-Skipping Trusts (this refers to death tax skipping rather a generation rather than beneficial use skipping a generation)
  • Life Insurance Trusts
  • Intentionally Defective Grantor Trusts (IDGTs)
  • Qualified Personal Residence Trusts (QPRTs)
  • Portability
  • Charitable Trusts

More advanced planning may include irrevocable trusts to own insurance policies, personal residences, and business interests. Another tool used by many clients involves special gifting opportunities for children and other targeted beneficiaries.

A properly drafted estate plan replaces the State’s default plan with a plan specific to your family and goals.  It can provide for in case of a time of incapacity or for your children and loved one.

Choose an Expert Wealth Preservation Attorney

At Baker, Burton & Lundy, our estate planning attorneys have experience and expertise to help you preserve your wealth to pass along to those you love. Brad Baker has been drafting estate plans for almost five decades and understands the complexity and sophistication needed for complex estates. Brad works closely with trust and estate attorney Mary Korkodian, honored as a Rising Star by Super Lawyers, who combines both legal knowledge and real estate experience as she advises clients and helps them draft their plans to preserve wealth for the future.

Results

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Discounted Giving
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Estate Plans

Mary did an excellent job with an irrevocable trust for my father’s property, which will save our family and future generations thousands of dollars in property taxes. Using a trust, she helped us prevent a change in computing a property tax reassessment. She was knowledgeable, available and translated legal jargon into manageable problems.  This helped us develop the best plan for our needs now and for protecting the family’s future. The efficiency of the process was also impressive: her to-do lists helped us execute a perfect solution to diverting the pending disaster if we didn’t intervene. Our property can be used for generations and will remain at the current tax level which is comforting to my 86-year-old Dad.

ROBERT BABB
BB&L Client/Marriage & Family Therapist
READ MORE TESTIMONIALS

Meet Our Attorneys

An older man with gray hair and a mustache, wearing a blue suit, pink shirt, and red tie, smiles while standing indoors in front of a staircase with wooden steps and metal railings.

Brad N. Baker

Trust & Estate Attorney

A woman with long, straight brown hair wearing a royal blue dress stands smiling in front of a modern wooden slat wall with a wavy design.

Mary Korkodian

Trust & Real Estate Attorney