McKinney-Based Estate Tax Planning Services
What Are the Implications of Estate Taxes?
Why Is Estate Tax Planning Important?
Our attorneys will consider how estate taxes, gift taxes and generation-skipping transfer taxes could impact your assets. You may already have an estate plan in place, but changes to state and federal laws highlight the need for an ongoing review. By treating your estate tax plan as a living document, you ensure that you and your loved ones are prepared for all eventualities.
Understanding Estate Tax Planning
Lucé Law, PC creates customized estate tax planning solutions for our clients after careful review of their estate and goals. The approach you choose to take will vary depending on whether you are leaving an inheritance to your spouse or other loved ones. Our attorneys can explain the advantages of portability, an IRA and other tax-efficient processes.
It won’t always be necessary to use complex estate tax services, but there are advantages to certain sophisticated strategies. Asset protection trusts, land trusts, LLCs, life insurance trusts and gifting are some of the approaches used to protect assets as they pass between generations.
Whether you are thinking about the future of your estate for the first time or need to update an old estate plan, Lucé Law, PC can help with all aspects of estate planning.