Estate Tax Planning Lawyer
Have you considered how much of your assets will be eaten up by estate taxes before they are passed on to your survivors? Without a thoughtful approach to estate tax planning, the government can become a major beneficiary of the assets you worked a lifetime to accumulate.
If you would like to discuss legal options aimed at preserving more of your assets for the people or organizations named in your will, please contact an estate tax planning attorney at Solomon, Steiner & Peck, Ltd.
We help clients reduce the inheritance taxes their heirs will pay.
We will discuss your specific circumstances, listen to your concerns and goals and review your existing documents. Then we will explain your options and give you our best legal advice about estate planning strategies that make the most sense for you.
We will put together a plan to reach your goals, using the appropriate estate planning tools, such as:
- SAFE trusts
- AB trusts
- QTIP trusts
- Estate tax preservation trusts
- Irrevocable life insurance trusts
- Charitable trusts
- Irrevocable trusts
- Gift trusts
It is important for married couples to consider estate tax planning while both husband and wife are alive and competent. When one spouse dies, he or she can leave an unlimited amount of assets to the surviving spouse tax free. When the surviving spouse dies, however, state and federal estate taxes must be paid. A proper estate tax plan put in place before the first spouse's death can limit tax liability and maximize the value of your legacy.
From three locations, we represent clients throughout northeastern Ohio.