Estate Tax Planning

We are estate tax planning attorneys. There are a variety of legitimate estate planning tools and techniques available to help you reduce or avoid estate taxes. These techniques include strategies that utilize irrevocable trusts, charitable trusts, life insurance trusts, family partnerships, LLCs and other legitimate legal transactions. These strategies may seem complicated, but with proper counseling and analysis, we may be able to find perfect solutions for each individual estate tax situation.

In most cases, estate tax planning is just one of several issues that need to be addressed as part of a comprehensive estate plan. The Foley & Pearson Legacy Planning Process allows us to identify estate tax issues and offer solutions that are appropriate to each client.

Some Frequently Asked Questions about Estate Tax Planning

• How do I know if I need estate tax planning?
• What is the current federal estate tax law?
• If I am married, is the amount that my spouse and I can pass tax free automatically doubled?
• If my estate is under $5 million, do I have to worry about estate taxes?
• Does Alaska have an estate tax?
• Can I avoid estate taxes by giving away my assets now?
• Can life insurance be used to pay estate taxes?
• How should I transfer my business to my descendants?