Estate Planning And Tax Planning
Estate planning encompasses a wide variety of legal solutions. For some, it may mean a will, powers of attorney and an advance medical directive. For others, in addition to those documents, it may entail the creation of multiple trusts, the transfer and retitling of numerous assets and the creation of a long-term plan to provide income for retirement, protect assets from excessive taxation, provisions for family members with special needs, and the plan for your business to continue in the event of incapacity, illness or death.
The answer to the question, “What’s an estate plan?” is really, “What do you want it to be?” At Morris Estate Planning Attorneys, our job is to help you answer that second question. We understand Nevada estate and probate law and the intersection of state and federal tax laws. Our attorneys work with you to your long term goals and develop an estate plan that can achieve those goals in the framework of the law.
Our Experience Includes Thousands Of Estate Plans
We have put together thousands of estate plans for clients during the last three decades. This experience helps assure you that we understand the myriad details that must go into a successful estate plan. It means we have seen the changes that are often necessary during the life of the plan and we can help you anticipate those changes by building that into the plan.
We also have assisted clients with the administration of estate plans, including some where we were not involved in the initial planning, so we are sensitive to potential issues and problems that can develop. We use all of this practical experience with real world situations to create a plan that will work.
Tax Planning To Meet Your Goals
An integral part of any comprehensive estate plan is dealing with taxes, including income and estate tax. Failure to plan appropriately when an estate is substantial often produces significant estate taxes. With proper planning, you may be able to reduce or eliminate entirely this tax obligation.
Because both your financial situation will evolve during the life of the plan and tax laws are often amended, your plan may need to be updated on a regular basis to ensure it will perform as expected. Our firm provides the careful tax planning you need to avoid paying these excessive taxes and ensures the maximum wealth transfer to your family and heirs.
Contact Our Firm
From our office in Henderson, we assist clients with a variety of estate and tax planning needs, and our lawyers can assemble a plan to meet your needs. Call us for a free initial at 702-706-0795 or use our online contact form.