Gurneet Kaur Takhar

Gurneet regularly advises clients on the strategic use of various types of revocable and irrevocable trusts for gifting, corporate ownership and estate tax purposes to achieve estate planning needs and goals. To accomplish her client’s goals, Gurneet implements a number of strategies, including creating family limited liability companies, generation-skipping transfer trusts, life insurance trusts, qualified personal residence trusts, charitable trusts, and grantor retained annuity trusts. Gurneet also advises clients on lifetime gifting and sales to trusts utilizing fractional interest and similar discounts. She enjoys counseling clients regarding charitable giving and the formation and administration of public charities, private foundations, and donor advised funds. Gurneet drafts the entity formation and governing documents, as well as assists clients in obtaining tax-exempt status for entities formed under 501(3)(c). Once the entity is formed and tax-exempt status is obtained, she continues to advise clients on legal and tax issues involved in governing the entity and maintaining tax-exempt status.