More often than not, the failure to properly plan for your estate will mean that the government, rather than your heirs, may inherit (due to the tax code) the majority of your assets.
You may be surprised at what your estate is worth. Your taxable estate may include non-traditional assets such as retirement benefits and life insurance proceeds. Estate planning is one of the most complex areas of the tax code. The law is ever changing and encompasses federal, state and local jurisdictions.
Gifting can be used to transfer your wealth to intended beneficiaries while you are still living. We can assist you in establishing a gifting plan that both accomplishes your intended goals while effectively using the tax code in the process.
At Steward Ingram & Cooper PLLC, we work closely with your other professional advisors (e.g. estate attorney, investment advisor, insurance agent) to assist in minimizing your overall estate tax burden, which includes the need for proper documentation by the attorney. Our service goals include helping you and your spouse or partner fully understand the process.