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One of the primary concerns that many people have in estate planning is protection from estate taxes. For sizeable estates and businesses, taxes are a real threat. They can diminish a substantial portion of an estate.
Estate taxes can be a serious problem for a family after the death of a loved one because they do not have the liquid assets necessary to cover the estate tax bill. Family members then may be forced in a situation where they must sell assets to pay the estate tax bill. In such a distressed and time-sensitive situation, they may feel compelled to sell for substantially less, which further hurts the family financially.
Our knowledgeable and experienced tax attorneys can help with careful estate tax planning by implementing strategies that are tailored to your specific situation, so that your family may be able to minimize or avoid estate tax altogether.
Please contact us at 205-349-1910 to schedule a consultation.