Asheville and Hendersonville Attorneys Minimizing Tax Burdens through Estate Tax and Gift Tax Planning
Plan your legacy. Protect your assets. Contact our experienced Asheville and Hendersonville estate planning attorneys now at 828-258-0994 or 828-696-1811.
Frequently, the emotional element of death overshadows its financial implications. That is why it is important to plan now. At Strauss & Associates, P.A., located in Asheville and Hendersonville, North Carolina, our job is to develop strategies designed to minimize the amount of estate taxes due.
Estate Tax and Gift Tax Strategies
At Strauss & Associates, P.A., we can address our clients’ tax concerns in any number of ways. For example, we can set up Family Limited Partnerships (FLPs) and Limited Liability Companies (LLPs) that can provide you with more options for tax exemptions, discounted gifts and maximum use of your annual gift tax exclusion. No matter the situation, we always seek to leverage as much of your money that we can into tax-free status.
Our strategies include:
- Grantor Retained Interest Annuity Trusts (GRAT)
- Qualified Personal Residence Trusts (QPRT)
- Installment Note Sales
- Self-Cancelling Installment Notes
- Private Annuities
- Insurance and Life Insurance Trusts
- Dynasty Trust Planning
- Generation-Skipping Transfer Tax Planning
- Spousal Gifting Trusts
Saving Your Hard-Earned Money through Estate Tax and Gift Tax Planning
While you may be proud of the size of your estate, reducing its overall value can prove advantageous. While discounting or gifting your assets may seem like a step back for all of your hard work, in reality, it often serves to reduce your overall estate tax burden.
Reducing Your Tax Burden through Estate Tax and Gift Tax Planning
Why pay an excessive amount of taxes when legal remedies are available to reduce your overall tax obligations? Estate taxes only serve to deplete the money you worked so hard to earn. Our job is to minimize their impact, so more of your money stays in your estate and eventually passes to your beneficiaries.
Contact Us
For more information or to schedule an appointment with an experienced lawyer regarding gift and estate tax planning, please contact us. We also welcome calls from financial planners and accountants in need of an estate planning attorney for their clientele.
