With our team of professionals, we provide legal, accounting and planning services that give our clients the ability to transfer assets on a tax-advantaged basis.
Larger estates can be subject to complex legal and fiscal problems. Many estates, improperly designed, can take years to process, and probate fees, taxes and business or personal litigation can decimate the estate, and by extension, the heirs.
Provisions for minors are often overlooked, as well as asset management for survivors.
Most estates do not take advantage of legal exemptions.
In California and other states, higher real estate values can trigger taxes and transfer costs, and yet many estates lack liquidity.
Many people are under the misconception that having a "living trust" eliminates the federal estate tax.
A well designed estate plan will ensure that personal and business assets will pass to heirs unencumbered, and that funds will be available to pay income and estate taxes.
Business agreements, wills, trusts and powers-of-attorney can be coordinated into a properly prepared estate that minimizes costs.
Utilizing various tools, legal remedies can help to avoid substantial shrinkage to estate values.
Please call for an appointment....initial consultations are complimentary
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MacKellar & Associates