James A. Jones, Attorney At Law
Plan Today, Peace of Mind Tomorrow

Tax Planning Can Help You Preserve Your Estate

By crafting an estate plan, you are providing for your loved ones for years to come. You have no doubt you worked hard to acquire the property you plan on distributing, so naturally you would like to preserve it as much as possible. Ensuring the integrity of your assets, however, may seem difficult in the face of state and federal estate taxes, which serve to claim a portion of your estate after your death.

Tax planning can be a viable pathway to maintaining your assets. At James A. Jones, Attorney at Law, we believe that this facet of estate planning is an important consideration for sizable estates. We work with our clients in Tacoma, Seattle and cities across the region to find strategies that minimize their tax liabilities, allowing for their loved ones to gain more complete inheritances.

There Are Several Avenues For Lowering Your Tax Liabilities

If you have a considerable estate that you plan on bequeathing, you can expect your inheritors to navigate estate taxes. While the federal exemption threshold is rather high at $11.2 million, Washington's is much lower at $2.1 million, which can affect a great number of individuals. For these estates, our firm recommends several tax planning solutions, including:

  • Charitable giving
  • Family-limited liability entities
  • The creation of AB trusts
  • Marital transfers
  • Gifts to children and grandchildren

Different estates will call for different approaches to tax planning. Our lawyer draws on more than 15 years of experience in assisting clients with estate planning, and he helps you create a plan that ensures your loved ones enjoy your estate in the manner that you intend.

Let Our Firm Help You Protect Your Assets

At James A. Jones, Attorney at Law, we can aid you with your tax, trust and estate planning needs. To find out more, please arrange for a free consultation by calling us today at 253-948-4838. You can also contact us via email by visiting our contact page.

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