Estate Planning and Tax Attorneys

Benefits

• Estate planning ensures a person's property will be given to the family members, friends, and charitable organizations they desire upon their death. Some states tax the estates of deceased individuals up to 45 percent of its value. Tax attorneys use their specialized knowledge of estate taxes and property transfer methods to minimize the taxable portion of the estate. Some methods include the use of trusts, gifts during your life and gifts to charities upon your death.
  
  

Detriments

• Estate planning can be expensive depending upon the amount of property you own, the documents to be drafted, and the property transfers involved. Estate planning attorneys may have separate fees than the tax attorneys working on the estate plan.
  
  

Warning

• This is not legal advice or legal representation. Consult a licensed estate planning attorney in your state to determine the estate planning tools that best fit your needs.