Estate Planning
Developed dynasty trust for client and worked with client to contribute private business interests at a discounted value to reduce estate tax exposure and promote growth outside of taxable estate.
Attorney
Andrew S. Gutwein
Estate and Business Succession
- Lafayette
- 765.269.4150
- andy.gutwein@gutweinlaw.com
About
Andy’s practice focuses on business succession planning, estate planning and wealth transfer, and estate administration for individuals, business owners, and farmers. He spends time with his clients to understand their unique situation and help them determine the best way to transition their assets and values to the next generation.
Andy has extensive experience with advanced planning techniques. He frequently utilizes a variety of complex trusts, including dynasty trusts, as well as family limited liability companies to mitigate estate tax exposure and provide appropriate asset protection. Not all plans, however, need to be complicated. Often estate tax savings and other goals can be accomplished without complex trusts and complicated plans.
For each high net worth family, Andy identifies tax planning strategies to ensure that they are able to maximize the value of their legacy. In doing so, he works with other professionals including CPAs, Investment Advisors, Financial Planners, and Insurance Agents to ensure that each professional’s perspective is considered as decisions are made. It is important that all professionals and the client are aligned and understand how to carry out the ultimate plan.
Whether you need complex planning to mitigate Federal estate taxes, to make sure your family business stays in the family, to treat your children fairly, to provide for a child with special needs, or to benefit your favorite charities, Andy has the experience and expertise to help you make your decisions and put your plan in place.
Through his active ownership in businesses and participation on numerous boards, Andy has gained personal experience in many situations often faced by clients. He enjoys swimming, waterskiing, and spending time with his family.
Education
- The George Washington University – J.D., 1995
- Purdue University – B.S. Economics, 1992
Admissions
- Indiana
Community
- Co-Chair, Community Council
- VP, Estate Planning Council of Greater Lafayette, Inc.
- Past Board President, Community Foundation of Greater Lafayette, Inc.
- Founding Board Member, The Greater Lafayette Police Foundation, Inc.
- Past President, Tippecanoe County Council
Areas of Focus
Successes
Estate Planning
Created a private foundation for client to allow more flexibility in achieving charitable intentions and to create a legacy of giving among the client’s children.
Estate Planning
Created an intentionally defective grantor trust for client with taxable estate. Facilitated a seed gift and sale of the client’s private business interests to the trust to remove future growth of assets from the client’s estate.