Taxes Attorney in Austin, Texas
What can I do to avoid estate taxes in Texas?
What can I do to avoid estate taxes in Texas?
More In This Category
View Transcript
00:04
to avoid estate taxes you want to
00:06
implement an estate plan and whenever we
00:10
implement estate plans
00:11
we try to focus on estate tax planning
00:15
for those individuals who are high net
00:18
worth
00:19
meaning that they either their estate is
00:22
either above
00:23
the estate tax exemption or they’re
00:25
right at the threshold
00:27
so whenever we have clients who are
00:29
concerned about estate tax
00:31
we develop a plan for them to create
00:34
certain
00:35
trusts and mechanisms where they can
00:37
pass assets to beneficiaries in ways
00:40
that either avoid or defer the estate
00:42
tax
00:43
we work with individuals and we work
00:45
with spouses
00:46
the type of tax planning that you do
00:49
really depends on the family situation
00:51
and we take all of that into account in
00:54
order to
00:55
try to minimize estate tax to try to
00:58
minimize
01:00
other transfer taxes like generation
01:01
skipping transfer tax
01:03
we create these different mechanisms and
01:05
trusts that are tailored to every
01:07
individual
01:07
and every family to try to minimize the
01:09
amount of tax that they can pay
01:11
if they are at that threshold or they
01:13
are above the estate tax exemption
Austin, TX estates planning & probate attorney Lorenza Cigarroa explains what you can do to avoid estate taxes in Texas.
