Estate Planning Attorneys - Estate Tax Exemption - Will & Trust Lawyers
The key to avoiding uncertainty, unexpected outcomes and future tax burdens is to have a well-thought out estate plan. You can help your family to avoid unnecessary stress and save money with a good estate plan put together by an accomplished team of estate planning attorneys. Our skilled team has been providing estate planning services for over a decade. We’ll work with you to ensure that your assets are protected and that your family or heirs aren’t subject to the headache of a probate process and they aren’t left at the mercy of the court.
What is a probate process?
A probate process is a court proceeding where a person’s final debts are settled and titles are officially passed to the beneficiary or heir. Typically, a probate hearing starts when the executor of the will comes forward. If there is no such person, then the court automatically becomes the administrator. Once probated, a person’s will becomes public record and is available for all to view.
The probate process can be extremely time consuming, expensive, as well as emotionally draining and intrusive to your family’s privacy and your legacy after you are gone. So how can you avoid the probate process, protect a lifetime of assets and make sure that your family doesn’t have to deal with the headache of probate court?
Will & Trust Lawyers
Here are some quick tips to help you get started:
Step 1: Make a list of your assets. Your personal assets include, but are not limited to, savings, retirement savings, investments (i.e. stocks, bonds, notes, etc.), insurance policies, and real estate or business interests.
Ask yourself these questions:
- Whom do you want to inherit your assets?
- Whom do you want handling your financial affairs if you're ever incapacitated?
- Whom do you want making medical decisions for you if you become unable to make them for yourself?
Step 2: Employ the help of estate planning attorneys to help draft a will. A will dictates where you want your assets distributed when you pass. IRS lawyers with estate planning experience can explain how a trust can be set-up to put conditions on how and when your assets will be distributed upon your death. These safeguards allow you to reduce the amount of estate taxes on the gifts and assets distributed to your heirs. Plus, you’ll have the peace of mind knowing exactly when your assets will be allocated. The protections afforded by estate planning can help family members avoid the financial costs, delays and publicity of probate court in the future.
Estate Tax Exemption
Strategic Tax Lawyers LLP are experienced IRS tax lawyers who can counsel you on the protection of your assets from creditors and lawsuits, long after you are gone. A precise plan can take away the guesswork and help prevent potential conflicts.
Don't let the IRS be the largest beneficiary of your estate. Contact us today for a free confidential estate analysis and we'll help you start putting together your will and estate plan.
Call Now: (800) 669-4775.
The key to avoiding unexpected outcomes and limiting tax burdens
is estate planning. You can literally avoid the following,and save a lot of money with a good Estate Plan:
1) You can avoid the Probate process in Probate Court which can be:
(a) extremely time consuming
(c) emotionally draining
(d) intrusive to your privacy,as the Probate process is a matter of Public Record
(click here for more info via IRS Publication 950, on the irs.gov website)
Here are some helpful hints. Make a list of your assets as a first step. Your assets include, but are not limited to your investments, retirement savings, insurance policies, and real estate or business interests. Ask yourself three questions: Whom do you want to inherit your assets? Whom do you want handling your financial affairs if you're ever incapacitated? Whom do you want making medical decisions for you if you become unable to make them for yourself?
A will dictates where you want your assets distributed when you die. Trusts are legal mechanisms that let you put conditions on how and when your assets will be distributed upon your death. They also allow you to reduce your estate and gift taxes and to distribute assets to your heirs without the cost, delay and publicity of probate court, which administers wills. Some trusts also offer greater protection of your assets from creditors and lawsuits.
Inheritance can be contentious. If you are clear about your intentions by way of a plan, you can avoid guesswork and otherwise help prevent potential conflicts after you're gone.
Don't let the IRS be the largest beneficiary of your estate
Call (800)669-4775 NOW for a free confidential analysis with our estate planning attorneys.
Need more information about estate planning? The IRS Form 8939, Allocation of Basis Increase For a Property Received or Acquired from Decedent, may be helpful to you. It’s a good idea to do a Google search to find out what the latest news about estate planning could be.