Media Estate Planning Attorney Discusses Reducing Federal Estate Taxes for Large Estates
As an experienced Media Estate Planning Attorney I am often asked if it’s possible to reduce federal estate taxes for large estates. For people whose estates are in a range that they would be subject to the federal estate and you mentioned the figure of $5,450,000 of net worth for a married couple in practical terms it’s really twice that amount. When you get into this range, there are some things you can do to significantly reduce the impact of the federal estate tax. If you have an estate that is in this range, though, I think it is important that you talk to somebody who has expertise in the techniques that we use to reduce the federal estate tax. At Gibson & Perkins we have the experience and the expertise to do that. Our estate lawyers are all tax lawyers. We’ve dealt with these types of problems over the years at all levels of estates. One word to the wise is it is always good to start as early in your lifetime as possible and, again, talk to somebody who really has the expertise to deal with the issues in a competent fashion.
Are you wondering if it’s possible to reduce federal estate taxes for large estates? If so, contact the experienced Media Estate Planning Attorney Edward Perkins.