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 Estate
Tax Planning
T. Dennis Connally Consultant, P.C. ,
Certified Public Accountant. helps clients with estate tax planning in the accumulation,
conservation, and distribution of wealth in the manner that most
efficiently and effectively accomplishes the client's objectives. We
emphasize the planning aspect that estate planning is a goal-oriented
activity that uses tax minimization tools and techniques to provide the
greatest possible financial security for an individual and his/her
beneficiaries. Estate planning is a key element of overall financial
planning.
Plan
ahead so your assets go to your loved ones, not the IRS. Avoid probate,
and minimize estate taxes. Receive counseling about wills, trusts, and
power of attorney for health care.
Key
Benefits
Medical
Expenses
In accordance
with prevailing tax laws, regulations, and personal circumstances Estate
planning is defined as the process of organizing one's property in so
that it will pass smoothly to the heirs you choose. Every adult needs a
will, and most people also need a durable power of attorney, living
will, and letter of instructions .Every stage of your estate planning
should be concerned with minimizing inconvenience and legal problems and
saving taxes. But the most important goal of estate planning is
retaining control over your assets, both during your lifetime
and even after death.
Estate
Planning Objectives
Minimize the problems and expenses of probate, and avoid
potential family conflicts.
Provide your surviving spouse with as much responsibility and
flexibility in estate management as desired, consistent with potential
tax savings.
Provide for the conservation of your estate and it's effective
management following your death or the death of your spouse.
Minimize death taxes as well as income taxes after death.
Avoid leaving your children "too much to soon
Provide for the adequate liquidity to cover taxes and other expenses at
death without the necessity of forced sale of assets
This
information is not intended for use without professional advice.
Copyright © 2001 T. Dennis Connally,
Consultant, P.C., Certified
Public Accountant
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