Los Angeles – Riverside – San Bernardino – Orange County - California
Tax Planning
Effective Estate Planning must include tax planning for avoiding, deferring and/or minimizing Estate Taxes and Gift Taxes, while at the same time structuring the Living Trust or other Estate Planning strategy to accomplish the personal and family goals of my client.
Gifting
Reducing estate taxes through gifting, both charitable and non-charitable, to is integral to Estate Planning. Under current Internal Revenue rules, each person can gift up to $14,000 to each recipient annually (January to December) without incurring a gift tax. Gifts to charities provide another tax reduction tool which clients may consider.
Other Strategies
There are many different planning strategies which a client may employ in their Estate Planning:
· Creating a marital deduction trust, also called an AB Trust
· Creating a credit shelter trust
· Creating a QTIP Trust
· Forming a family limited partnership
· Setting up an Irrevocable Life Insurance Trust
· Charitable trusts
Estate Tax Filings for Trust and Probate Administration
I can assist personal representatives in Trust Administration and Probate Administration with the preparation and filing of Estate Tax Returns (Form 706) and fiduciary income tax returns, making sure that all the legal deductions are taken.
Protect Your Rights and Assets
The early stages of planning and administration are critical. Call me directly at 1-714-385-0044 to schedule a consultation or email me.
Dwight Edward Tompkins, Estate Attorney
Serving: Anaheim, Downey,Fullerton, Lakewood, Long Beach, Los Angeles, Orange, Riverside, San Bernardino, Los Angeles County, Orange County, Riverside County, San Bernardino County.
ESTATE PLANNING LAWYER, DWIGHT EDWARD TOMPKINS
NORTH KAIBAB TRAILHEAD, NORTH RIM, GRAND CANYON, ARIZONA