Taxes

Tax implications are an important part of your Estate Plan. Receipt of gifts, donations, settlements or jury verdicts can have significant tax consequences – over and above the public benefits eligibility consequences discussed elsewhere on this site.

The goal of tax planning is to maximize the value of assets to an individual’s life plan while at the same time minimizing income-, estate- and gift-tax ramifications. In addition, any trusts you establish to preserve eligibility for public benefits will be taxed.

We are very familiar with the way these laws intersect at the federal, state and local levels. In fact, one of our lawyers has supplemented his law degree with the highly prestigious Master of Laws in Taxation degree.

To be effective, tax planning should take place very early in the process — before any funds are received by the individual. Once funds are received, there is no way to undo the transfer from a tax-liability standpoint. Our litigators can help if your tax plan is challenged or contested.

We work closely with you and your family, public and private benefits providers, employers, business partners, professional services providers, fiduciaries and charitable organizations to make sure that your tax plan – as an important component of your Estate Plan – meets your unique personal and financial objectives.

Attorneys

Robert L. Sagrillo |Henry. M. kohnlein

info@sagrillokohnlein.com