Estate Tax Planning Attorney

Estate taxation & planning is ever-changing. It is important to have an experienced attorney who knows the ins and outs of estate tax law to help you with your estate plan. Our tax planning attorneys have extensive knowledge about current tax laws and can help clients plan for, minimize and comply with wealth transfer taxes. 

For example, the 2017 Tax Cuts and Jobs Act (TCJA) has created very significant opportunities to pass on substantial wealth tax-free.  The Basie Exclusion Amount (or Unified Credit) for federal estate and gift tax was $11.18 million in 2018.  This amount is adjusted annually for inflation. 

This unique tax savings opportunity is set to expire in 2025.  Therefore, time is of the essence If you wish to take advantage of this estate planning opportunity.

Almost all transfers of money or property during a person’s life, or after their death, has tax consequences. These are often called wealth transfer taxes and can include gift tax, estate tax & generation-skipping transfer tax. The good news is that with proper planning, these taxes can be significantly reduced and, in some cases, eliminated.

Estate Tax Planning Services

Wooden Law Firm P.C. works with clients to identify the tax plan that’s right for their situation. We are not a one-size-fits-all estate planning firm. Our dedicated team of tax attorneys and CPAs take the time to discuss all our clients’ concerns, wishes, and questions to ensure they are getting the best and most tax-advantaged outcome for their estate.

We provide the following estate tax planning services:

• Estate tax planning, Estate tax returns & controversies including IRS audit defense
• Gift tax planning, Gift tax returns & controversies including IRS audit defense
• GST tax planning, GST returns & controversies including IRS audit defense

Estate Tax Controversies

Wooden Law Firm also has expertise in dealing with state & federal tax authorities in the event of a dispute, audit, or controversy regarding the estate’s income taxes, employment taxes, estate taxes or gift taxes owed. We may be able to minimize or eliminate the amount owed and work out a reasonable payback method. Dealing with the IRS involves a complex set of rules & procedures. Our team can determine the best plan to obtain optimal results.