Tax-Driven Approaches To Estate Planning
We'll Get through it together
The Following Article Will Cover:
- Assisting individuals and families with comprehensive estate and legacy planning from start to finish.
- The advantages of working with a single firm for a lifetime of planning, fostering strong relationships and continuity.
- The significance of a tax-driven approach to estate and asset protection planning, minimizing government levies and preserving wealth through strategic tactics.
Can Your Firm Help Individuals And Families Set Up Estate And Legacy Planning From Cradle To Grave? Why Is It Beneficial To Work With One Firm Who Can Assist With A Lifetime Of Planning?
Our firm is thoroughly equipped to assist individuals and families in setting up comprehensive estate and legacy planning, from inception to culmination. We have an established track record of helping businesses, both large and small, transition across generations. This is indeed a distinctive specialty of ours.
When you opt for a single firm to assist with your lifetime planning, you foster strong relationships, a factor that cannot be underestimated. As you envisage the second generation taking on a business, they need a firm understanding of the previous generation’s estate plan and business, and how the two integrate. This becomes attainable through continuous intellectual and professional guidance.
What Would You Say Is A Tax-Driven Approach To Estate And Asset Protection Planning? Why Is It Important?
A tax-driven approach to estate and asset protection planning is primarily about minimizing unnecessary government levies, an essential strategy for preserving wealth. As you might be aware, an effortless way to deplete wealth is by paying more to the government than the law necessitates.
In our firm, we deploy trust structures to guarantee smooth business transitions without undue tax burdens. This involves tactically gifting shares of the business over time, a strategy that makes the most of allowable gift tax exclusions. As a result, businesses remain within the founder’s family, eliminating the need to sell off portions of the business to cover estate taxes.
For more information on Tax Driven Approach To Estate Planning, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (702) 703-1540 today.
Better Than The Rest
We have always prioritized our clients above all else. This approach has allowed us to develop strong client relationships spanning more than 30 years. To us, you’ll always be more than just a number, and we’ll give our all to solve your legal needs.Â
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Our Other Practices
Business Representation​
We pride ourselves in developing relationships that stretch across generations—from the planning stages of a business to transitioning it to future generations. We'll help you achieve your goals.
Estate and Asset Protection
The largest threats to any business or family wealth are taxes, lawsuits, and divorces. We can minimize the effects of any of these through appropriate planning.
Tax Planning
The best defense for an audit or assessment begins at the planning stages, as we help you navigate the complexities of federal and state taxation and minimize tax exposure.
Trust Administration
Personnel at the Law Office of Kent P. Woods provide trustee services for dozens of trusts, ranging from simple to complex. We also provide counsel to trustees who need assistance and legal opinions as to issues affecting their trusts.
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