Long Beach Estate Tax Lawyer
Estates of a specific value are subject to estate tax. One of the goals of estate planning is to minimize or potentially eliminate estate taxes. Accomplishing that goal may require transferring assets to trusts or sub-trusts in order to keep the value of the estate under the taxable amount. This is a complex process that requires the attention of a skilled Long Beach estate tax attorney, such as the one you will find at the Law Offices of Stephen E. Cockriel.
Many people believe that they do not have to worry about estate taxes. They look at the current value of their estate and see that it is less than the taxable amount. However, the art of estate planning is the art of thinking ahead.
First of all, we will review all of your current assets. You may be surprised at just how much they add up to if you have never looked at them holistically before. Next, we will review how much your estate might be worth at the time that your estate plan needs to take effect. While you still may be making home payments now, what about 10 years from now? 20 years? 30 years? How much will you have accumulated? While it is impossible to predict, a strong estate plan takes all possibilities into account so that, whatever the case may be at the time of death, you are afforded all the protection possible.