Protect Your Legacy with Strategic Estate Tax Planning
Estate tax planning is essential for securing your family’s financial future, especially with major changes to tax exemptions on the horizon. By planning early, you can minimize tax burdens and maximize wealth transfers to future generations.
Why Act Now?
The current combined federal gift, estate, and generation-skipping transfer (GST) tax exemption for people who die in 2025 allows individuals to transfer up to $13.99 million ($27.98 million for married couples) without incurring taxes. However, this exemption is set to be cut approximately in half after 2025, exposing families to higher taxes.
Additionally, the maximum estate tax rate, currently at 40%, for assets over $1,000,000, could increase, with historical rates as high as 77%. Acting before these changes ensures your assets are protected under favorable laws.
Key Strategies for Wealth Preservation
1. Dynasty Trusts
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- Permanently shelter assets from gift, estate, and GST taxes.
- Protect family wealth from creditors and unforeseen events like divorces.
- Support multiple generations without additional taxes.
2. Charitable Remainder Trusts (CRATs, CRUTs)
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- Receive the joy of giving to your favorite charities during your lifetime
- Avoid capital gains on donated assets
- Receive a fair market value charitable donation
- Receive income for your lifetime
- Others can receive income for a period of time as well
3. Spousal Lifetime Access Trusts (SLATs)
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- Provide financial security for your spouse during their lifetime.
- Preserve wealth for heirs while reducing taxable estates.
4. Intentionally Defective Grantor Trusts (IDGTs)
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- Transfer substantial wealth through discounted sales of assets.
- Allow your family to retain significant savings even as assets grow.
The Cost of Waiting
Failing to act before tax law changes could mean higher tax liabilities and reduced financial security for your heirs. Planning today ensures your family’s assets are preserved, avoiding unnecessary complications and costs.
Let’s Plan Together
At Lawvex, our experienced estate planning attorneys work closely with you to create customized strategies that align with your family’s unique goals. Don’t let this opportunity slip away—schedule your consultation today and secure your legacy for generations to come.
Estate Tax PlanNing FAQs
We Do A Lot of estate planning
Our estate planning partners opened 386 estate planning cases in 2022.
We create almost 400 estate plans every year. That’s over 30 estate plans per month. We have heard it all. We can guide you through a simple and understandable process that makes stewardship for your family easy and accessible. Our estate planning services are based on your needs and the complexity of your choices.
Take a look at our three programs below and then Contact Us to call us to see what program is most appropriate for you and schedule your initial consultation with an experienced estate planning attorney.
If you would like to Learn More about Wills and Trusts, check out our blog article A Will or Trust: Which one is right for you?
FAMILY FOUNDATIONS PLANNING
All Personal & Real Property Under $1 Million
FAMILY WEALTH PLANNING
All Personal & Real Property Between $1M–$5 Million
Family Legacy Planning
All Personal & Real Property Between $5M–$10 Million
PLAN BY DESIGN
All Personal & Real Property $10 Million+
Comprehensive Trust-Based Planning—Done Right
Every Lawvex estate plan is attorney-led, fully customized, and comprehensively implemented.
What Every Plan Includes:
All planning tiers include a complete trust-based estate plan for individuals, married couples, or registered domestic partners:
Our Full-Service Process:
Fully Remote Signing Ceremony:
Transparent, Asset-Based Pricing
Estate attorneys in California rarely if ever quote fees. They may quote a range of fees. Why? Because they either haven’t done thousands of them or they don’t have a system for it or both.
We are different. Unlike the rest of our industry we put pricing right up front. No wasted time on sales calls, getting quotes or guessing. Our proprietary pricing model aligns fees with estate size and complexity—not billable hours or local norms. Compare us to your local law firm who do not quote a fee and have billing rates over $500 per hour!
Click below to schedule your plan design meeting and get your estimated fee quote today.
