High-Net-Worth Estate Planning in Austin

Comprehensive analysis of trusts, wills, and assets

The first things that come to mind when thinking about preserving and growing your family’s wealth are asset protection and risk management. But in order to properly manage and protect your family’s assets, you will first need to take a thorough accounting of them, taking them into consideration throughout your estate planning process.

Additionally, it can be very difficult to make sure that beneficiary designations are aligned when dealing with a long list of assets in a pile of complex documentation. If these decisions are not made in agreement with one another you could be looking at a potential legal crisis for your family members.

Our advisors take a very thorough accounting of your trusts, wills, and assets, as well as your family structure and long-term goals, to craft a plan that aims to align all of these complex variables as elegantly as possible and provides you with a personalized and optimized estate plan.

Seamless coordination with your estate lawyers

Transfers of wealth are notoriously complex matters that almost always involve at least one Texas estate planning attorney to ensure that things go smoothly. You likely have an estate lawyer — or more likely estate lawyers — who you trust, and who already have some familiarity with your trusts, will, and assets.

To ensure that your assets and documentation are all properly managed, and because all trusts and wills should be created in conjunction with an experienced estate attorney, Avidian makes it our business to closely collaborate and develop a relationship with your attorneys.

Although we are not Texas estate planning attorneys, we do endeavor to optimize your entire financial life, which does include taking on the burden of managing your entire financial team, and hopefully making it easier for your attorneys to do their job, too.

Beneficiary designation and trust administration

There is often a delicate balance to be stricken between accommodating your family’s interest and taking care of your family members. Very often financial stability and family unity can find themselves at odds during the decision-making process, but there are creative ways to designate and administer inherited assets that can help to bring the two together.

Whether you need advice on seamlessly transferring ownership of property from parent to child, setting up a protective trust, or are interested in investing in one of many 529 plans in Texas to fund a family member’s education, the estate planners at Avidian can help.

Collaboration with our tax professionals

Involving tax professionals in your estate planning is essential because high-net-worth individuals are more susceptible to heavy taxation of their estates. If you don’t keep one eye on taxation at all times before you know it, the value of your estate has declined significantly along with your beneficiaries’ inheritances.

Effective estate planning should involve the input of tax professionals, who can recommend tax planning strategies such as the utilization of trusts, charitable donations, gifting, and other advice on how to avoid taxes on inheritance money.

Continue reading about the capital gains tax in Texas.

Boutique family office experience

In-house single-family offices are unbeatable in their ability to provide tailor-made financial solutions and undivided attention for your family’s finances, but they are not very cost-effective.

Families looking for a single-family office experience without the headache (or overhead) of organizing and establishing an entire business can find the boutique family office experience at Avidian.

Avidian provides a boutique family office experience that includes a suite of wealth solutions in collaboration, including:

• Asset management
• Fiduciary investment management
• Retirement planning
• Tax planning
• Risk management services
• Business planning (succession planning as well as buy/sell agreements)
• And more

We offer a cost-effective alternative to the traditional single-family office while providing a similarly comprehensive approach to wealth management with the same care and attention.