Estate taxes, if not properly planned for, can have a massive impact on the size of the estate that you will be leaving to provide for your loved ones. Top estate tax rates in 2013 will be 55 percent with only a $1 million exemption. If you do not take the proper steps, over half of your estate could be going to fund the government rather than taking care of your family.
There are strategies available to eliminate or minimize the impact of taxes on your estate. With skilled guidance, you can make sure that your family will need not forfeit such a substantial portion of their inheritance to the government.
AV Preeminent* rated, Master of Laws in Elder Law, member of the National Academy of Elder Law Attorneys (NAELA), member of the Academy of Florida Elder Law Attorneys (AFELA)
At The Charles Law Offices, our Clearwater trust attorney can help you understand what options are available to effectively maximize the benefit your estate will provide to your loved ones. Attorney Susan Charles brings experience and depth of knowledge in estate planning to avoid tax issues.
We will look at your goals and the particular characteristics of your estate to determine what the most effective course of action is. There are a wide range of types of trusts that can offer different benefits, including:
- AB trusts
- ABC trusts
- Irrevocable life insurance trusts (ILITs)
- Family limited partnerships (FLPs)
- Grantor retained annuity trusts (GRATs)
- Qualified personal residence trusts (QPRTs)
- Charitable remainder trusts (CRTs)
Contact a St. Petersburg AB Trust Attorney at The Charles Law Offices
If you want to eliminate or minimize the impact of estate taxes on the inheritance that you will be leaving for your loved ones, we can help. At The Charles Law Offices, we take pride in the level of support we provide to our clients. To schedule a free initial consultation with our Florida lawyer, call 727.475.6340, toll free at 866.607.6531 or simply contact us online. We accept credit cards for our clients' convenience.
Offices in Clearwater - Largo - St. Petersburg
*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.
