Financial
Legacy Protection
Coast to Coast
Proven Strategies | Personalized Solutions
Financial
Legacy Protection
Coast to Coast
Proven Strategies | Personalized Solutions
The Unger Company Ltd. | New York, New York | Estate Tax Planning
Smart planning and careful attention to details have built more than comfort and security for your family.
You proudly count yourself among the wealthiest Americans – you’re in one of the high net worth classes ($10 million and up). Only about one percent of American households fall into this category, and one of the most important things in life is to safeguard the family wealth and lifestyle so future generations will benefit according to your vision.
This is part of an individual legacy, and it is what will be left to future generations. It may come in the form of a business or an art collection or any number of assets that are cherished and are indicators of your high level of achievement. You hope to have passed along a reflection of a work ethic, family values, and an appreciation of something special, particularly if it’s a business or a collection or a philanthropic attitude, to your children and grandchildren who have embraced and adopted this interest as their own.
A legacy that is material and spiritual are important pieces of you that will live on generation after generation. Although a person may not be here, their voice and mindset can live on in ways many people may not have considered when thinking about the heritage they’re creating.
Planning what you would like to see happen in the future is the most important consideration for us in strategizing and building a custom plan.
Smart planning and careful attention to details have built more than comfort and security for your family.
You proudly count yourself among the wealthiest Americans – you’re in one of the high net worth classes ($10 million and up). Only about one percent of American households fall into this category, and one of the most important things in life is to safeguard the family wealth and lifestyle so future generations will benefit according to your vision.
This is part of an individual legacy, and it is what will be left to future generations. It may come in the form of a business or an art collection or any number of assets that are cherished and are indicators of your high level of achievement. You hope to have passed along a reflection of a work ethic, family values, and an appreciation of something special, particularly if it’s a business or a collection or a philanthropic attitude, to your children and grandchildren who have embraced and adopted this interest as their own.
A legacy that is material and spiritual are important pieces of you that will live on generation after generation. Although a person may not be here, their voice and mindset can live on in ways many people may not have considered when thinking about the heritage they’re creating.
Planning what you would like to see happen in the future is the most important consideration for us in strategizing and building a custom plan.
The Unger Company knows exactly what it takes to protect assets and pass along ethics and employs the best and most-proven methods to make this happen. We enter the picture as the specialists charged with protecting a family’s financial legacy.
There’s a truth we’ve learned in serving families with substantial estates in planning their asset transition: The greater the value of the estate, the smaller the margin for error. We are focused on high net worth (HNW) and ultra-high net worth (UHNW) clients because these are such specialized groups who recognize the margin for error in planning such sizable asset transition is really zero.
Mistakes made for this income class can be incredibly expensive, and the consequences can be tragic. If not carefully planned, the expenses incurred can force a family that has planned to maintain a long-term legacy to liquidate those very assets – such as a business or family compound – to settle debts incurred due to wealth transfer.
There are so many factors to consider. There are federal tax implications, as well as state tax implications that vary greatly. There are 17 states that have either an estate tax, an inheritance tax or both! Helping families maintain a legacy built over a lifetime or several lifetimes is the type of specialized business that requires a lot of detail work. This is why The Unger Company Ltd. is the right choice.
There’s a truth we’ve learned in serving families with substantial estates in planning their asset transition: The greater the value of the estate, the smaller the margin for error. We are focused on high net worth (HNW) and ultra-high net worth (UHNW) clients because these are such specialized groups who recognize the margin for error in planning such sizable asset transition is really zero.
Mistakes made for this income class can be incredibly expensive, and the consequences can be tragic. If not carefully planned, the expenses incurred can force a family that has planned to maintain a long-term legacy to liquidate those very assets – such as a business or family compound – to settle debts incurred due to wealth transfer.
There are so many factors to consider. There are federal tax implications, as well as state tax implications that vary greatly. There are 17 states that have either an estate tax, an inheritance tax or both! Helping families maintain a legacy built over a lifetime or several lifetimes is the type of specialized business that requires a lot of detail work. This is why The Unger Company Ltd. is the right choice.
As experts with a highly specific background in both insurance and tax law, we have designed perfect solutions for families who have worked with us.
Protecting a family’s financial legacy isn’t just a clever slogan to us; it’s OUR legacy.
In our half-century in business, we have built one success story after another, and we are extraordinarily proud of the millions and millions of dollars we have saved our clients.
Our founder, Harold Unger, reminds us that we’re not an island; we cannot do this alone. This is a team effort. Planning is not effective unless we work collaboratively with a client’s attorneys, accountants, and asset managers to arrive at the solution that will provide a family’s legacy optimal protection. When considering the broad technical areas that these factors span, this represents a deep dive into very detailed work that must be executed with utmost care.
The Unger Company frequently receives calls or inquiries from money managers or attorneys who are looking for creative thinking, insight, and a thoughtful perspective in planning significant wealth transfer. In the words of a famous jurist, “It is the obligation of a planner to use all legitimate means to minimize taxes.” Our perspective couldn’t be better summarized. As Harold Unger is fond of saying, “Uncle Sam will never send a thank you note for taxes paid.”
The Unger Company is here to help you and your family. Call us today, and learn how our expertise can help you, and your financial and legal teams protect your family’s financial legacy.
Who Gets a Tax Bill?
This is a tricky question, and it can vary from state to state. The transfer of estates is taxed, so the estate itself is taxed when it comes to moving wealth from one generation to the next. But it gets pretty complicated when it comes to defining the next of kin.
Individual states that utilize an inheritance tax structure create different exemptions for different heirs based on their relationship to the decedent. These laws won’t affect a transfer to a spouse or child. But, if the transfer is to a sibling or a niece or nephew, the tax can be surprisingly harsh with generally low exemption levels (+/-$500 in New Jersey). There are methodologies that can avoid this tax. Trusts can be utilized with and without insurance to avoid these taxes.
Understanding and planning for descendants to be able to manage a tax burden and stay whole at the end of the transfer of wealth process is exactly what The Unger Company specializes in. Helping you and your advisors plan for this transfer and keeping your heirs in a position to continue a family legacy is our mission.
As experts with a highly specific background in both insurance and tax law, we have designed perfect solutions for families who have worked with us.
Protecting a family’s financial legacy isn’t just a clever slogan to us; it’s OUR legacy.
In our half-century in business, we have built one success story after another, and we are extraordinarily proud of the millions and millions of dollars we have saved our clients.
Our founder, Harold Unger, reminds us that we’re not an island; we cannot do this alone. This is a team effort. Planning is not effective unless we work collaboratively with a client’s attorneys, accountants, and asset managers to arrive at the solution that will provide a family’s legacy optimal protection. When considering the broad technical areas that these factors span, this represents a deep dive into very detailed work that must be executed with utmost care.
The Unger Company frequently receives calls or inquiries from money managers or attorneys who are looking for creative thinking, insight, and a thoughtful perspective in planning significant wealth transfer. In the words of a famous jurist, “It is the obligation of a planner to use all legitimate means to minimize taxes.” Our perspective couldn’t be better summarized. As Harold Unger is fond of saying, “Uncle Sam will never send a thank you note for taxes paid.”
The Unger Company is here to help you and your family. Call us today, and learn how our expertise can help you, and your financial and legal teams protect your family’s financial legacy.
About High and Ultra-High Net Worth Individuals
There’s no official definition of the terms high or ultra-high net worth individuals (HNW/UHNW), but it represents a range that is largely agreed upon by professionals working in the insurance and financial industries. It’s basically the level of assets that differentiate people who are HNW and UHNW. If you’re reading this, you or your clients likely fall into these categories, and you’ve been searching for information.
The current thresholds for these different categories are as follows:
- High Net Worth Individuals (HNW): $5M- $30M
- Ultra-High Net Worth Individuals (UHNW): $30M and up
How does this compare to the average American? Almost 90 percent of estates are valued at a million dollars or less, and, generally speaking, these have far fewer planning complications. When considering the transfer of wealth laws and taxes, the liabilities that occur as part of an estate escalate substantially when the estate belongs to a high-net-worth class. At this point, the top tiers of federal and potentially state estate/inheritance taxes come into play.
Having specialized knowledge is essential for you and your advisors to successfully plan to transfer wealth to the next generation (called Generation 2 in industry terminology) and potentially beyond (to Generation 3, Generation 4, etc.). Working through this complex subject matter, being able to explain it in understandable terms, and having the expertise in handling a sensitive subject with care is why The Unger Company, Ltd. can be so vital in protecting a family’s financial legacy that reflects the wishes of a client.
About High and Ultra-High Net Worth Individuals
There’s no official definition of the terms high or ultra-high net worth individuals (HNW/UHNW), but it represents a range that is largely agreed upon by professionals working in the insurance and financial industries. It’s basically the level of assets that differentiate people who are HNW and UHNW. If you’re reading this, you or your clients likely fall into these categories, and you’ve been searching for information.
The current thresholds for these different categories are as follows:
- High Net Worth Individuals (HNW): $5M- $30M
- Ultra-High Net Worth Individuals (UHNW): $30M and up
How does this compare to the average American? Almost 90 percent of estates are valued at a million dollars or less, and, generally speaking, these have far fewer planning complications. When considering the transfer of wealth laws and taxes, the liabilities that occur as part of an estate escalate substantially when the estate belongs to a high-net-worth class. At this point, the top tiers of federal and potentially state estate/inheritance taxes come into play.
Having specialized knowledge is essential for you and your advisors to successfully plan to transfer wealth to the next generation (called Generation 2 in industry terminology) and potentially beyond (to Generation 3, Generation 4, etc.). Working through this complex subject matter, being able to explain it in understandable terms, and having the expertise in handling a sensitive subject with care is why The Unger Company, Ltd. can be so vital in protecting a family’s financial legacy that reflects the wishes of a client.
“With today’s technology, we are really only three feet away from each other; we are each one and one-half feet from our screens.” — Harold M. Unger
Personalized Legacy Protection from Coast to Coast
The function of keeping your legacy protected so the next generation will be taken care of has changed quite a bit in the past few years. One of the benefits of these changes is that it allows you to choose the best company to plan for the transition of your wealth to your children, grandchildren, or other heirs.
While The Unger Company is headquartered in the Northeast, our practice has grown to have a coast-to-coast footprint. This means that the business has become borderless – anyone living in any of the 50 states and U.S. territories can take advantage of the experience and proven methods of one of the top experts in this field, The Unger Company.
Harold Unger has coined a great saying about this: “With today’s technology, we are really only three feet away from each other; we are each one and one-half feet from our screens.”
Today, a local anchor is no longer required. Our exceptional knowledge of federal tax law can serve you whether you’re in Ohio, Florida, California, Texas, Puerto Rico or Alaska. And, as we discuss on this page, we are very well versed in the different state laws regarding estates, trusts and inheritance. We are ready to prove ourselves to you and look forward to you putting your faith in The Unger Company, Ltd.
Personalized Legacy Protection from Coast to Coast
“With today’s technology, we are really only three feet away from each other; we are each one and one-half feet from our screens.”
— Harold M. Unger
The function of keeping your legacy protected so the next generation will be taken care of has changed quite a bit in the past few years. One of the benefits of these changes is that it allows you to choose the best company to plan for the transition of your wealth to your children, grandchildren, or other heirs.
While The Unger Company is headquartered in the Northeast, our practice has grown to have a coast-to-coast footprint. This means that the business has become borderless – anyone living in any of the 50 states and U.S. territories can take advantage of the experience and proven methods of one of the top experts in this field, The Unger Company.
Harold Unger has coined a great saying about this: “With today’s technology, we are really only three feet away from each other; we are each one and one-half feet from our screens.”
Today, a local anchor is no longer required. Our exceptional knowledge of federal tax law can serve you whether you’re in Ohio, Florida, California, Texas, Puerto Rico or Alaska. And, as we discuss on this page, we are very well versed in the different state laws regarding estates, trusts and inheritance. We are ready to prove ourselves to you and look forward to you putting your faith in The Unger Company, Ltd.
Who Gets a Tax Bill?
This is a tricky question, and it can vary from state to state. The transfer of estates is taxed, so the estate itself is taxed when it comes to moving wealth from one generation to the next. But it gets pretty complicated when it comes to defining the next of kin.
Individual states that utilize an inheritance tax structure create different exemptions for different heirs based on their relationship to the decedent. These laws won’t affect a transfer to a spouse or child. But, if the transfer is to a sibling or a niece or nephew, the tax can be surprisingly harsh with generally low exemption levels (+/-$500 in New Jersey). There are methodologies that can avoid this tax. Trusts can be utilized with and without insurance to avoid these taxes.
Understanding and planning for descendants to be able to manage a tax burden and stay whole at the end of the transfer of wealth process is exactly what The Unger Company, Ltd. specializes in. Helping you and your advisors plan for this transfer and keeping your heirs in a position to continue a family legacy is our mission.
Estate, Trust and Inheritance Laws
It’s easy for people to get lost in the idea that there are only federal estate taxes. It’s a sign of the times and how so much noise in the air is focused on politics and the happenings in Washington D.C.
In our business, we cannot afford to be distracted like this. Our perspective needs to be one that is broad in its scope, narrow in its conclusions and vigilant about any changes that could occur on a federal, state or even local level. The Unger Company demands this of itself because we refuse to let our clients and their descendants down.
An estate is determined by establishing the fair market value of everything a person owns or has an interest in at the date of their death minus liabilities, or six months later if the value of the estate has diminished. There is no six-month alternative valuation date if the value of the estate has increased. A U.S. citizen who dies in 2023 is entitled to a unified credit of $12,920,000 (increasing yearly pursuant to a cost-of-living increase formula) inclusive of gifts upon which a tax has not been previously paid. It is important to note that the current unified credit is scheduled to sunset after December 31, 2025, and it may be back down to +/-$6,000,000 by 2026. It’s curious that the tax on a decedent’s estate isn’t considered to be a wealth tax, but rather it is understood to be “a tax on (a person’s) right to transfer property at the time of (his/her) death.” Our UHNW and HNW clients also should be aware that numerous states are considering a wealth tax, defined differently and painfully by each state.
Estate tax rates can vary greatly depending on the structure of the estate, but according to the Center on Budget and Policy Priorities a rate of about 17% is what is generally paid in federal taxes. How many people leave an estate large enough for a tax to be applied? It’s only about two in every thousand (0.2%) that have an estate that reaches the threshold of $12.920 million for federal taxes to be applied. For our purposes, the estates of our UHNW clients begins upward of two-and-a-half times that minimum level where federal estate taxes are applied.
Unfortunately, taxes don’t end with the federal tax. 17 states apply either an estate tax, an inheritance tax or both on the transfer of assets, adding additional anguish.
So, what’s the difference between an estate tax and an inheritance tax? An estate tax is applied on the right to transfer assets to anyone while an inheritance tax is applied to non-lineal heirs who receive proceeds from an estate. States have applied different tactics in adopting these tax laws. A state estate tax is applied if the deceased dies while a resident of New York, Connecticut, Massachusetts, Rhode Island, Vermont, Maine, Illinois, Minnesota, Washington, Oregon or Hawaii, while an inheritance tax is applied in New Jersey, Pennsylvania, Iowa, Nebraska and Kentucky. If the estate is located in Maryland, both an estate and inheritance tax are applied, while those living inside the Beltway are subject to Washington, D.C.’s local estate tax. Of all those states with either an inheritance or estate tax, only two collected more than a billion dollars in 2019 from revenues related to the transfer of wealth from an estate: New York and Pennsylvania, while 11 states collected more than $100 million from estate wealth transfer, according to the Urban Institute.
How heavy can those state tax burdens become? The estate tax thresholds in some states begin at $1 million (Massachusetts and Oregon), while the top tax rate can hit 20% (Washington and Hawaii). The average state estate tax is 16% and the minimum average size where an estate is subject to taxation is $4 million. And, then there’s the “cliff” estate tax which applies in several states. This is a simple but insidious concept that eliminates the threshold if an estate is a small percentage above the threshold. In other words, if the estate size is greater than, let’s say, 5% above the “cliff” threshold, then the exemption disappears from dollar one. Nice, huh?
If you live in one of the states where an estate tax is applied and you combine that with the federal tax, and there are no offsets or deductions, it’s conceivable that nearly one-third of an estate valued at $30 million might have to be liquidated just to pay the tax bill. The IRS does provide a costly and painful escape by utilizing IRC §6166 which permits a payout over a period of time. A poorly planned estate, or an uninformed-but-well-intentioned person, can quickly run into an unexpected tax. Frequently, well planned life insurance coverage can provide protection in this instance since nobody wants to have to have a fire sale just to pay taxes. Remember, you’re not going to receive a thank you note from Uncle Sam or any of the state tax offices.
The Unger Company, Ltd. understands the perils that come with an estate that is HNW or UHNW in size, and we take exceptional care to protect a family’s financial legacy by building the right kind of protection and employing optimal strategies to offset an enormous tax bill. Generations have trusted us to preserve a family financial legacy, and we believe we could be the right choice for you.
Estate, Trust and Inheritance Laws
It’s easy for people to get lost in the idea that there are only federal estate taxes. It’s a sign of the times and how so much noise in the air is focused on politics and the happenings in Washington D.C.
In our business, we cannot afford to be distracted like this. Our perspective needs to be one that is broad in its scope, narrow in its conclusions and vigilant about any changes that could occur on a federal, state or even local level. The Unger Company demands this of itself because we refuse to let our clients and their descendants down.
An estate is determined by establishing the fair market value of everything a person owns or has an interest in at the date of their death minus liabilities, or six months later if the value of the estate has diminished. There is no six-month alternative valuation date if the value of the estate has increased. A U.S. citizen who dies in 2023 is entitled to a unified credit of $12,920,000 (increasing yearly pursuant to a cost-of-living increase formula) inclusive of gifts upon which a tax has not been previously paid. It is important to note that the current unified credit is scheduled to sunset after December 31, 2025, and it may be back down to +/-$6,000,000 by 2026. It’s curious that the tax on a decedent’s estate isn’t considered to be a wealth tax, but rather it is understood to be “a tax on (a person’s) right to transfer property at the time of (his/her) death.” Our UHNW and HNW clients also should be aware that numerous states are considering a wealth tax, defined differently and painfully by each state.
Estate tax rates can vary greatly depending on the structure of the estate, but according to the Center on Budget and Policy Priorities a rate of about 17% is what is generally paid in federal taxes. How many people leave an estate large enough for a tax to be applied? It’s only about two in every thousand (0.2%) that have an estate that reaches the threshold of $12.920 million for federal taxes to be applied. For our purposes, the estates of our UHNW clients begins upward of two-and-a-half times that minimum level where federal estate taxes are applied.
Unfortunately, taxes don’t end with the federal tax. 17 states apply either an estate tax, an inheritance tax or both on the transfer of assets, adding additional anguish.
So, what’s the difference between an estate tax and an inheritance tax? An estate tax is applied on the right to transfer assets to anyone while an inheritance tax is applied to non-lineal heirs who receive proceeds from an estate. States have applied different tactics in adopting these tax laws. A state estate tax is applied if the deceased dies while a resident of New York, Connecticut, Massachusetts, Rhode Island, Vermont, Maine, Illinois, Minnesota, Washington, Oregon or Hawaii, while an inheritance tax is applied in New Jersey, Pennsylvania, Iowa, Nebraska and Kentucky. If the estate is located in Maryland, both an estate and inheritance tax are applied, while those living inside the Beltway are subject to Washington, D.C.’s local estate tax. Of all those states with either an inheritance or estate tax, only two collected more than a billion dollars in 2019 from revenues related to the transfer of wealth from an estate: New York and Pennsylvania, while 11 states collected more than $100 million from estate wealth transfer, according to the Urban Institute.
How heavy can those state tax burdens become? The estate tax thresholds in some states begin at $1 million (Massachusetts and Oregon), while the top tax rate can hit 20% (Washington and Hawaii). The average state estate tax is 16% and the minimum average size where an estate is subject to taxation is $4 million. And, then there’s the “cliff” estate tax which applies in several states. This is a simple but insidious concept that eliminates the threshold if an estate is a small percentage above the threshold. In other words, if the estate size is greater than, let’s say, 5% above the “cliff” threshold, then the exemption disappears from dollar one. Nice, huh?
If you live in one of the states where an estate tax is applied and you combine that with the federal tax, and there are no offsets or deductions, it’s conceivable that nearly one-third of an estate valued at $30 million might have to be liquidated just to pay the tax bill. The IRS does provide a costly and painful escape by utilizing IRC §6166 which permits a payout over a period of time. A poorly planned estate, or an uninformed-but-well-intentioned person, can quickly run into an unexpected tax. Frequently, well planned life insurance coverage can provide protection in this instance since nobody wants to have to have a fire sale just to pay taxes. Remember, you’re not going to receive a thank you note from Uncle Sam or any of the state tax offices.
The Unger Company, Ltd. understands the perils that come with an estate that is HNW or UHNW in size, and we take exceptional care to protect a family’s financial legacy by building the right kind of protection and employing optimal strategies to offset an enormous tax bill. Generations have trusted us to preserve a family financial legacy, and we believe we could be the right choice for you.
We’re Not an Island — We Cannot Do This Alone
Attorneys, accountants and asset managers working with high and ultra-high net worth clients need the right partner when it comes to building the best plan to protect your client’s wealth and wishes. The Unger Company is ready to help you to build that masterful plan.
We operate from a philosophy that is grounded in an idea that we borrowed from the legendary jurist Learned Hand: It is the obligation of a planner to use all legitimate means to minimize taxes. We firmly believe that building the most tax efficient estate plan for our clients takes a team, and we are confident that we would be a great partner to your firm in the work we would do together for your client.
The Unger Company has five decades of experience working in tandem with the best attorneys, accountants and asset managers in crafting outstanding estate plans for high net worth and ultra-high net worth clients. Historically, a large percentage of our business has been done in the Northeast. But given the changes in technology, we have spread beyond the Mid-Atlantic and Northeast states and are excited at the prospect of working with across the country. We look forward to sharing our knowledge with you.
Building trust is something we have in common. Our clients are wealthy families who need care and might be vulnerable to salespeople who would take advantage of them. The Unger Company has built a sterling reputation, in part, because we are incredibly sensitive to building that trust with our clients. We take enormous pride in not violating that ethical position to win business. Our interest is not to achieve a short-term gain but to look to developing a multi-generational relationship with a family office that spans many, many years.
The other big key to our success is that this is not our first rodeo – we understand our business; we are experienced. This isn’t idle boasting. We’ve been deep into tax and insurance planning for decades. We understand clients and their goals, needs and quest to do the right thing. Frequently, we’re asked, “What do your other clients in our bracket do?” Our decades of practical experience in tax planning and strategizing for estates has prepared us especially well to provide meaningful answers. The Unger Company specializes in large estate planning specifically because of the challenges presented and the opportunity to team up with outstanding professionals to think strategically and creatively about the needs of our mutual clients. We truly love what we do; it’s our job, and it’s fun.
Beyond protecting assets, our experience has taught us that clients often have an agenda that is much farther reaching than just dealing with money and possessions. Yes, the financial aspect of planning is important, but values and ethics often play a major role in guiding the distribution and structure of a legacy. The Unger Company has techniques that help a client’s voice live beyond a physical presence, and this has proven enormously satisfying to our clients. Frequently, a parent or grandparent is concerned about the welfare of a child or grandchild and building a trust with the correct accent on ethics or values can help to guide heirs to a stable future. When we talk about getting deeply involved and building trust, this is the kind of work we do on a personal level.
The Unger Company, Ltd. was founded by Harold Unger in New York and has been in continuous operation for many decades. Our highly specialized work has resulted in our creating tax efficiencies that assist in keeping an estate intact (dynastic planning) for families with substantial assets. Our focus is on the tax code, regulations and case law that permits us to structure the proper insurance to offset tax liabilities. Please contact us today through our contact form or by calling us at 212-755-4777.
Attorneys, accountants and asset managers working with high and ultra-high net worth clients need the right partner when it comes to building the best plan to protect your client’s wealth and wishes. The Unger Company is ready to help you to build that masterful plan.
We operate from a philosophy that is grounded in an idea that we borrowed from the legendary jurist Learned Hand: It is the obligation of a planner to use all legitimate means to minimize taxes. We firmly believe that building the most tax efficient estate plan for our clients takes a team, and we are confident that we would be a great partner to your firm in the work we would do together for your client.
The Unger Company has five decades of experience working in tandem with the best attorneys, accountants and asset managers in crafting outstanding estate plans for high net worth and ultra-high net worth clients. Historically, a large percentage of our business has been done in the Northeast. But given the changes in technology, we have spread beyond the Mid-Atlantic and Northeast states and are excited at the prospect of working with across the country. We look forward to sharing our knowledge with you.
Building trust is something we have in common. Our clients are wealthy families who need care and might be vulnerable to salespeople who would take advantage of them. The Unger Company has built a sterling reputation, in part, because we are incredibly sensitive to building that trust with our clients. We take enormous pride in not violating that ethical position to win business. Our interest is not to achieve a short-term gain but to look to developing a multi-generational relationship with a family office that spans many, many years.
The other big key to our success is that this is not our first rodeo – we understand our business; we are experienced. This isn’t idle boasting. We’ve been deep into tax and insurance planning for decades. We understand clients and their goals, needs and quest to do the right thing. Frequently, we’re asked, “What do your other clients in our bracket do?” Our decades of practical experience in tax planning and strategizing for estates has prepared us especially well to provide meaningful answers. The Unger Company specializes in large estate planning specifically because of the challenges presented and the opportunity to team up with outstanding professionals to think strategically and creatively about the needs of our mutual clients. We truly love what we do; it’s our job, and it’s fun.
Beyond protecting assets, our experience has taught us that clients often have an agenda that is much farther reaching than just dealing with money and possessions. Yes, the financial aspect of planning is important, but values and ethics often play a major role in guiding the distribution and structure of a legacy. The Unger Company has techniques that help a client’s voice live beyond a physical presence, and this has proven enormously satisfying to our clients. Frequently, a parent or grandparent is concerned about the welfare of a child or grandchild and building a trust with the correct accent on ethics or values can help to guide heirs to a stable future. When we talk about getting deeply involved and building trust, this is the kind of work we do on a personal level.
The Unger Company, Ltd. was founded by Harold Unger in New York and has been in continuous operation for many decades. Our highly specialized work has resulted in our creating tax efficiencies that assist in keeping an estate intact (dynastic planning) for families with substantial assets. Our focus is on the tax code, regulations and case law that permits us to structure the proper insurance to offset tax liabilities. Please contact us today through our contact form or by calling us at 212-755-4777.
641 Lexington Avenue, 20th Floor
New York, New York 10022
(tel) 212-755-4777 x100
(fax) 212-755-4717
641 Lexington Avenue, 20th Floor
New York, New York 10022
(tel) 212-755-4777 x100
(fax) 212-755-4717
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