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Find Shelter for Your Estate

Stock quotes in this article: PEP , WMT , SPLS , GPS  

Written by Farnoosh Torabi of Entrepreneur.com

In 18 months, Lara Villarreal Hutner's San Francisco law firm tripled in size, employing six attorneys who represent Frito-Lay, Pepsi(PEP Quote), Wal-Mart(WMT Quote) and others. Villarreal Hutner, 39, estimates the value of her personal estate, including her firm, may reach seven figures by the year's end.

"I just brought in Gap(GPS Quote), MV Transportation and Staples(SPLS Quote)," she says. "I can't even describe what's happened to my life." She hopes to transfer her wealth to her children when she and her husband pass away. But the federal estate tax says she must first hand more than 45% of every penny she owns beyond $2 million to Uncle Sam. ...

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