Florida Estate Management Lawyers: Dean & Dean, LLP Help Reduce Taxes Owed by the Estate

Well-managed estates require a comprehensive plan drawn up with the help of a lawyer. One of the first duties of a estate planning attorney is to make sure the estate does not owe any taxes. If so, gifting property is a way to reduce the payment. When you decide to receive the knowledgeable assistance of an estate planning attorney, contact the law office of Dean & Dean, LLP. We look forward to discussing your estate planning needs with you and devising a comprehensive plan to reduce taxes owed by the estate.

Gifting as a Method to Reduce Taxes

What better to do than to give a gift, especially if it will reduce your taxes owed. Gifts are tax free and you can make an unlimited number of them under $14,000. you can give up to $14,000 in gifts to your spouse, which means that you still have rights to your gift but do not need to pay taxes on it.

Gifting is not always the answer to tax reduction. There are alternatives. Plus, there are retina guidelines that you must follow to legally give a gift. All this should be discussed with a estate planning attorney before making any decisions. Contact our Florida estate planning law firm to learn more.

Contact a North Central Florida Estate Planning Lawyer Today

Dean & Dean LLP offers a wide variety of estate planning and managing services to clients throughout north-central Florida. Contact us online or call (352) 515-9221 to set up your initial consultation with one of our experienced Florida estate planning attorneys today.