Estate Tax Protection

You work your entire life to save and have enough money to comfortably retire – and ideally leave something for your loved ones when you pass away.  But what about the Estate Tax?

Estate tax is totally separate from federal income tax, property tax, sales tax, and every other type of tax you’ve paid during your lifetime.  Estate tax is a tax paid on the net value of all your assets owned at your death. This is sometimes called the “inheritance tax” or “death tax.”  If your estate is valued above the exemption amount, your estate would have to pay 40% of your net estate value to the government before any amount could go to your loved ones.

As of 2024, the estate tax exemption for individuals is $13.61 million, and the estate tax exemption for married couples is $27.22 million. Under 1% of estates are affected.

But for those who are affected, there are numerous estate planning strategies available that can greatly reduce the amount owed. We can advise you on the best options for your family.

We offer a number of advanced estate planning strategies for high-value estates that are aimed primarily at reducing your family’s tax burden. We can use advanced estate planning strategies to help you pass assets on for successive generations without risk of a tax liability diminishing your estate at each generation.

Marital Trusts

protects property for a surviving spouse’s benefit

Life Insurance Trusts

irrevocable trust owns life insurance policy on the trustmaker with death benefit paid to the trust

Qualified Personal Residence Trusts

trustmaker retains an interest in their residence while held in trust for a beneficiary

Grantor Retained Annuity Trusts

trustmaker receives income from assets held in trust for a specified time, then transferred to beneficiary

Asset Protection Trusts

protects your assets from creditors, lawsuits or judgments

Land Trusts

trust that holds ownership of property while the owner is alive

Dynasty Trusts

irrevocable trust that can last for generations

Asset Gifting

proper planning for annual and lifetime gifts

You have worked hard to build your family's wealth and legacy, so it makes sense to put similar effort into protecting those assets after you are gone. At your Life & Legacy Planning Session, we can go into detail about how you can minimize the potential tax burden faced by your family so that you can maximize the inheritance you pass on to your loved ones. 

Free Report

No Time For Mistakes

Learn The Six Major Mistakes Families Make When Choosing An Estate Planning Attorney

... And How To Make A Loving Choice For Your Family

Let me help you protect the people and things you love to make sure they stay out of court and out of conflict.

Enter your name and email address so we can send it to you.  We love your privacy – we will never spam you.


Copyright © 2024 Debra A., Spatz, Attorney at Law, LLC   All Rights Reserved  |  Privacy Policy  |  Cookie Policy

DISCLAIMER: No information you obtain from this website or its content is legal advice, nor is it intended to be. You should consult an attorney for individualized advice regarding your own situation. No attorney-client relationship is intended or formed by your viewing this website or downloading and using the content, forms, tips or information kits found on this website. No attorney-client relationship is intended or formed without a fully-executed, written agreement to enter into such a relationship. Client testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.