I have worked hard to build my estate. What can I do to preserve my assets for my children and avoid estate or death tax?
An individual can pass up to $13.61 million million to heirs, tax free. A couple can pass up to $27.22 million in 2024 with no estate tax exposure. Even if you are not exposed to estate tax, you must consider other issues. You want to be sure that assets do not go to your child before she is ready to manage them. You want to protect what you leave your child from divorce and litigation. This can be done, utilizing Family Protection Trusts, also known as “Dynasty Trusts”.
If your estate exceeds these levels, many strategies are available to reduce or eliminate this 40% estate tax. See Beat Estate Tax Forever (2013), authored by Michael Gilfix.
We have over 30 years of successful experience developing and implementing tax strategies to reduce or eliminate this tax, saving hundreds of thousands or even millions of dollars in estate tax liability. See our tax planning section.
The use of a Living Trust is critical – you can direct your assets to whom you want, in the manger that you want. For estate tax, divorce, and litigation protection, Family Protection or Dynasty Trusts represent the appropriate, powerful approach.
Why Choose Gilfix & La Poll Associates LLP?
Unparalleled Experience, Knowledge & Strategies
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Certified Specialists in Estate Planning & Elder Law
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Co-Founder of the National Association of Elder Law Attorneys
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Pioneers in Elder Law & Estate Planning
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Hundreds of Millions of Clients' Dollars in Taxes Saved
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Thousands of Families in the Community Served
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Over 35 Years of Serving the Bay Area
Real People. Real Feedback.
Hear What Our Past Clients Have To Say
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"Your letter to the Medi-Cal office did the trick. They are no longer threatening to put a lien on my house. I cannot thank you enough for helping me protect my home."
Your letter to the Medi-Cal office did the trick. They are no longer threatening to put a lien on my house. I cannot thank ...
D.S. -
"I now understand why the trust will save our family a fortune in tax!"
Thank you for the help in setting up the trust for our family. After my husband's death, I saw how tremendously valuable it ...
M.M.G. -
"When my husband passed away, my attorney at Gilfix & La Poll Associates LLP explained all the steps that have to be taken, saw to it that all steps were taken, and literally held my hand through the process."
When my husband passed away, my attorney at Gilfix & La Poll Associates LLP explained all the steps that have to be taken, ...
J.T. -
"I want to express my gratitude for your professionalism and your invaluable assistance during our recent meeting on behalf of my parents."
I want to express my gratitude for your professionalism and your invaluable assistance during our recent meeting on behalf of ...
J.J. -
"I heard of the Special Needs Trust before, but I never understood it until you so patiently and clearly explained it to me. We now have one in place for our son."
I heard of the Special Needs Trust before, but I never understood it until you so patiently and clearly explained it to me. ...
A.M. -
"Absolutely superb, respectful and very compassionate in the manner that you spoke to my parents about a very difficult situation."
I will never forget you. I have passed your name on to numerous friends with similar situations. You are absolutely superb, ...
K.S.M.
