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Federal Estate Tax

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We operate on word-of-mouth referrals and our clients will be the first to tell you how we take a comprehensive, customized approach to planning. An estate plan is one of the most important documents you will put together in your lifetime. People trust us to get it done right so that their plan will work for their loved ones when they need it the most.

The Federal Estate Tax

Essentially, an estate tax is a tax exacted against an inherited portion of an estate. Whether or not the tax is imposed depends on if the value of the estate exceeds the federal estate tax exemption amount which is adjusted annually to reflect inflation.

The “taxable value” of an estate is determined by the combined value of all assets owned and deducting any applicable debts. Further deductions may be taken for certain charitable donations in addition to legal or administrative dues concerned in concluding the estate.

The federal estate tax rate is 40% and is applied to the taxable estate value that exceeds the exemption amount.

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Anticipatory Estate Tax Planning

Proper assessment and preparation for estate tax impacts that will follow the transfer of wealth after an individuals death is a very important aspect of estate planning. Failing to do so will result in an unnecessary burden on your family upon inheriting your assets. Adequate planning will minimize this burden and make sure your hard earned assets will pass to those you have striven to provide for.

The law provides many mechanisms by which to minimize the tax burden that follows the transfer of wealth. Savings plans, spousal gifts, and protection trusts are ways to mitigate heavy tax levies. It is also important to keep in mind that the laws that govern estate taxes are constantly changing from year to year and can even vary from state to state depending on your location. Without sound advice and guidance, it can be extremely difficult to navigate.

Trusted and Experienced Estate Tax Attorneys

Our estate planning team has the ability to handle any difficulties involved in high-value estates and we are ready to be the trusted advisors for you and your family. Drafting documents is only one small part of the services we offer; the real strength is the counsel we bring to the table to make sure you are making the best decisions in preparation of your family’s future. We will review your goals and determine which advanced estate tax planning channels may best serve your needs.

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Our Approach to Estate Planning

It’s a great question, and one that you should be asking if you are serious about doing estate planning. To understand how we’re different, you need to understand how “traditional” estate planning works.

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Contact Us

We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.

Our Firm Locations

Anaheim Hills

155 N. Riverview Drive Suite 212,
Anaheim Hills, CA 92808
Get Directions 714-525-2400

Los Angeles

611 Wilshire Blvd. Suite 325,
Los Angeles, CA 90017
Get Directions 213-627-2771

San Gabriel

8810 East Las Tunas Drive,
San Gabriel, CA 91776
Get Directions 714-525-2400

Union City

2 Union Square Suite 102,
Union City, CA 94587
Get Directions 714-525-2400

Contact Us

We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.