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 You’ve worked hard to build your wealth — planning for your retirement, supporting your family, and hoping to leave a legacy for the next generation. But without the right strategies in place, a significant portion of your estate could be lost to taxes when you pass away.

Estate tax, often called the “death tax,” is separate from income tax and applies to the net value of your assets at the time of your death. While only larger estates are currently subject to the federal estate tax, the rules change over time and so should your planning.

At Wellborn Law Firm, we help individuals and families protect their assets from unnecessary taxation with thoughtful, forward-looking strategies tailored to your specific needs. Our planning also considers related taxes, such as the gift tax and generation-skipping tax, to help you preserve wealth for future generations.

• Irrevocable Life Insurance Trusts (ILITs)
• Grantor Retained Annuity Trusts (GRATs)
• Qualified Personal Residence Trusts (QPRTs)
• Family Limited Partnerships (FLPs)
• Asset protection and gifting strategies
• Dynasty Trusts and multigenerational planning

Whether your estate is already taxable or may become so in the future, we’ll guide you through the most effective ways to reduce or avoid unnecessary tax liability so more of what you’ve earned goes to the people you love.

To learn more or schedule a Life & Legacy Planning Session with our attorney, click here to book a call.