Few things in life are certain, and taxes are one thing you can count on.

Any comprehensive estate plan should thoroughly consider estate tax issues. There are various strategies available that can minimize the effect of federal and state taxes your heirs may face after your death. Trusts are one of the most common tools to reduce estate taxes, however, there are a number of other strategies as well, including annual gifting to transfer money to a relative.

No matter how you intend to distribute your property and assets, concrete estate tax planning may be essential to protect your family members and beneficiaries. If you have a high asset estate or a family business, advanced tax planning will be crucial to you and your family’s financial well-being.  Whether you are planning for your estate, business or the future of your family, it is important to have an experienced attorney who can help you develop a tax plan that works for you.

Professionals such as doctors, dentists, chiropractors and lawyers, have a particular interest in ensuring that their practice is structured properly to take advantage of current tax laws. Since the major assets of a professional practice are often it’s client base, such licensed professionals may not be able to take advantage of common tax deductions such as equipment depreciation, and must instead rely on strategies that integrate their personal and family tax deductions.

At Hull & Chandler, we counsel professionals, business owners, executives and others in matters related to individual, corporate and inheritance tax planning. We understand the importance of helping families, professionals and business owners reduce their tax burdens and prevent their assets from being eroded or eliminated by excessive taxes.

We are fully committed to understanding the personal and family needs of each client so we can devise strategies for achieving maximum asset protection and accomplishing key goals. We can provide you with the best possible combination of business and personal tax planning and preparation services, which enables us to address a wide range of tax issues effectively and efficiently.

Our tax planning and preparation services include:

• Inheritance tax concerns
• Gift taxes
• Saving on income tax
• Charitable giving strategies
• Special needs trusts
• Business organization and corporate tax structures

If you would like further information on complex tax strategies for your personal goals or business, contact one of our experienced attorneys here or call 704-375-8488 to set up a consultation.