Westray advises individuals and closely held entities in the areas of estate planning, business succession, income tax planning and estate administration. She assists her clients in all aspects of formulating and implementing plans designed to protect and distribute their assets in a tax efficient manner. She works extensively in the areas of estate and trust administration. Westray also represents individuals and institutions with regard to various tax-exempt matters and the implementation of charitable giving.
Representative Experience
- Estate, gift and income tax planning for individuals and business entities, including advice and strategies to eliminate or reduce estate, gift and income taxes
- Create and implement all components of estate and gift plans, including wills, revocable trusts, credit shelter trusts, generation skipping transfer tax trusts, durable financial powers of attorney, health care powers of attorney, declarations of a desire for a natural death, and intervivos trusts
- Develop and implement succession plans for closely held businesses
- Establish family entities and advise clients regarding their operation and use in estate planning
- Life insurance planning, including use of irrevocable life insurance trusts and financing arrangements
- Estate, gift and income tax planning with retirement benefits
- Charitable estate, gift and income tax planning, including use of private foundations, donor advised funds, charitable remainder trusts and charitable lead trusts
- Administer complex estates and trusts
- Prepare federal and state gift and estate tax returns
- Establish nonprofit entities and advise them on corporate and tax issues
- Advise lenders in claims against borrowers' estates