Minimizing Estate Taxes
Brooklyn, New York Estate Tax Attorneys
At the law firm of Polizzotto & Polizzotto, LLC, we assist clients in transferring assets through various estate planning tools in order to minimize estate taxes and other taxes after their death. Alfred Polizzotto III is a certified financial planner with more than 20 years of experience assisting clients with asset protection and transfer. Our clients have worked hard their entire lives. We help them and their families reap the benefits of their work by making recommendations on how to protect their assets from the federal and state governments.
Reduce Estate Taxes Through Estate Planning
Depending on your estate size, your family may need to pay federal and state estate and/or income taxes after your death. Our lawyers will analyze your estate and its value and recommend tools to minimize your estate and exposure to taxes. We can help you reduce estate taxes by means of estate planning and charitable tools:
- Passing down assets in a will
- Transferring assets to a family member through a trust fund
- Giving money or property to a charitable organization
- Starting a college savings fund
- Gifting money to a family member
- Setting up a family-limited partnership
Our firm is committed to helping you and your family maximize the benefits of your life’s work and savings. We will sit down with you to discuss your personal goals and your idea of a successful outcome for your estate. We then focus on reducing the value of your estate so it falls below federal or state exemptions for estate taxes. Whether you have a simple estate or many complex assets, we can provide experienced assistance for your estate and tax planning needs.
As of Jan. 1, 2018, under the new law through federal estate, gift, and generation-skipping tax, people can shelter up to $11.2 million with properly formed wills and trusts.
Contact Our Law Office
Contact an estate planning lawyer to arrange a consultation and learn how you can minimize estate taxes and pass down money and other assets to your loved ones.