Estate taxes can be minimized with proper planning
When Americans want to leave behind a legacy, entrusting their property, possessions, or business to heirs, successors, or designated organizations, they must first account for estate taxes, sometimes known as death taxes, probate fees and other after-death complications that could threaten their legacy and complicate or invalidate their final wishes. Fortunately, the Contra Costa County Estate Tax services at Hobin & Hobin LLP can help.
Proper estate tax planning is crucial for preserving your wealth for future generations and begins with accounting for your potential liabilities, identifying the appropriate rates and laws, and clearly defining what you wish to be done with your assets after your death.
Estate, gift, and income tax tables change regularly and there are many detailed exceptions including spousal exemptions, estate tax gift amounts, and charitable contribution deductions. Life insurance benefits, different classes of possessions, and projected probate costs and percentages should also be anticipated and accounted for by experienced and qualified legal experts like the estate tax lawyers at Hobin & Hobin LLP. We will work to make sure that your assets are protected, so that your possessions can be passed down as you see fit, without compromises or costly legal challenges.
For more information regarding the estate tax, estate planning, or last wills and testaments, call the Antioch, CA legal experts at Hobin & Hobin LLP at (925) 757-7585.
How much money are you leaving to the goverment?
With proper estate planning you can minimize the amount of taxes owed to the government thus transforming more of your hard earned assets to the ones you love.