Client LoginRequest an Introduction
About UsWhat We OfferClient StoriesInsightsLocationsIn the Lead
Request an IntroductionClient Login

About Us

Influential people and institutions across the globe rely on Goldman Sachs to support them in all they do. Learn more about us, our purpose and our commitment to clients.

We look forward to beginning a conversation to help you achieve your objectives and make the impact you desire.

The following questions will help us determine the right team for you.

0

Something went wrong, please try again later.

The Order of Things: Managing the Process of Estate Planning


Introduction

Estate planning practitioners seem to always be buzzing about new strategies and techniques that should be considered in light of the ever-changing, complex tax rules surrounding the transfer of wealth in the United States. With growing concerns about the possibility of increasing tax rates and decreasing tax exemptions, coupled with the dizzying array of tax strategies with intimidating names like grantor retained annuity trusts (GRATs), intentionally defective grantor trusts (IDGTs), qualified personal residence trusts (QPRTs) and the like, how do we prudently plan for the succession and protection of wealth?

This article will attempt to set forth the order in which various strategies might be considered in an effort to demonstrate that effective estate planning always starts with the basics. By the end of the article, we hope that you appreciate that planning should be an iterative process that needs to be flexible and take into consideration the fact that tax laws, taxpayer balance sheets and taxpayer goals are constantly changing. You should discuss these strategies with your legal and tax advisors.

To read the full report, click here.

Goldman Sachs does not provide legal, tax or accounting advice. Clients of Goldman Sachs should obtain their own independent tax advice based on their particular circumstances.  Please review this additional important information about the Wealth Advisory Services group (“WAS”). This material represents the views of WAS, a unit of the Private Wealth Management Group within the Investment Management Division of Goldman Sachs. WAS is comprised of three groups affiliated with The Goldman Sachs Group, Inc.: the Strategic Wealth Advisory Team (“SWAT”), whose representatives are Goldman, Sachs & Co. employees; The Goldman Sachs Trust Companies, including The Goldman Sachs Trust Company, N.A. and The Goldman Sachs Trust Company of Delaware; and the Wealth Strategists, who are employees of The Ayco Company, L.P. (“Ayco”), a Goldman Sachs Company.  The Wealth Strategists, who provide financial counselling services, are employees of Ayco. Ayco may provide bookkeeping services and tax advice. Neither Goldman, Sachs & Co. nor The Goldman Sachs Trust Companies, however, provide accounting or tax advice.  Goldman, Sachs & Co., The Goldman Sachs Trust Companies, and Ayco do not provide legal advice. As such, all clients are strongly urged to consult with their own legal advisors before implementing any structure, investment plan, potential strategy, estate plan or with respect to their interest in any employee benefit or retirement plan.  Assets in an account with one of the Goldman Sachs Trust Companies (1) are not insured by the FDIC or any other bank regulator, (2) are not deposits or other obligations of, or guaranteed by, the Goldman Sachs Trust Companies or Goldman, Sachs & Co. or any of their affiliates, and (3) involve investment risks, including possible loss of the principal amount invested. The Goldman Sachs Trust Companies are not members of SIPC or the FDIC.  This material is intended for educational purposes only. While it is based on information believed to be reliable, no warranty is given as to its accuracy or completeness and it should not be relied upon as such. Information and opinions provided herein are as of the date of this material only and are subject to change without notice.  This material is based on the assumptions stated herein. In the event any of the assumptions used do not prove to be true, results are likely to vary substantially from the examples shown herein. These examples are for illustrative purposes only and no representation is being made that any client will or is likely to achieve the results shown.  Notwithstanding anything in this document to the contrary, and except as required to enable compliance with applicable securities law, you may disclose to any person the US federal and state income tax treatment and tax structure of the transaction and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without Goldman Sachs imposing any limitation of any kind.  SWAT services offered through Goldman, Sachs & Co. Member FINRA/SIPC.

© 2023 Goldman Sachs. All rights reserved.

Goldman Sachs & Co. LLC is registered with the Securities and Exchange Commission (“SEC”) as both a broker-dealer and an investment adviser and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”)