Minimizing Estate Taxes, Protecting Assets
If you are confused by estate tax planning and laws about estate taxes, there is a good reason. The laws change periodically, they are complex, and there are many options for protecting assets. At the Hamilton Law Office in Sudbury, Massachusetts, attorney Stuart Hamilton keeps current with estate and inheritance tax planning laws.
Estate Tax Planning ∙ Inheritance Tax Law
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Estate tax planning can make a substantial difference in the amount of assets you can transfer tax-free or with minimal taxes to your heirs. At our law firm, you will be advised by an estate planning lawyer who will keep you informed about any legal changes that will affect you and your heirs.
- Federal law has increased the amount of assets you can leave to a loved one without any tax penalty. The Massachusetts cap, however, is less than the federal cap. Make sure you understand how these important differences will affect your estate.
- There may be no estate tax when you leave your assets to a surviving spouse, but what will happen to those assets when the surviving spouse dies? Our law firm can guide you in the use of trusts (irrevocable trusts and revocable living trusts) to shelter assets for younger generations.
- Your estate tax planning lawyer can explain the use of charitable giving as another option for minimizing inheritance taxes.
For an estate of $3-5 million or more, tax planning can assure your loved ones receive the full value of the assets in your estate. Contact us to discuss how estate tax laws will affect your estate and how you can protect your assets.