Coventry Gift Tax Lawyer
Strategic gifting is a critical part of estate planning, ensuring that the people in your life you want to have certain assets or amount of money receive it. At Aptt Law LLC, we work with families like yours who are considering making a gift to a loved one, whether you want to help them buy a house, you’re creating a plan to qualify for Medicaid, or you want to reduce the amount of estate tax for your heirs. Our Coventry, RI gift tax lawyer advises you on when, how, and how much you can gift an individual, avoiding excessive taxation. Call us today for a personalized consultation about your gifting strategy.
Gift Tax Lawyer Coventry, RI
Gift tax is assessed when the amount of money or value of property that you give to another person, or an organization, like your favorite charity, exceeds a certain amount. It typically changes each year, so it’s essential to review, or have your estate planning attorney review, any high-value monetary gifts you want to give before you gift them.
Our Coventry gift tax lawyer helps you minimize the gift tax you pay, or avoid it entirely, saving you money so you keep more of what you’ve worked hard to earn. We incorporate strategic gifting into your estate plan or Medicaid spend-down strategy in accordance with Rhode Island and federal laws, maximizing your annual tax-free gift allowance, regardless of the complexity of your gifting strategy.
We can also incorporate specific types of trusts, for larger or more complex gifts, such as dynasty trusts which can transfer wealth to those you choose and bypass taxation and probate.
Should you run into trouble with your proposed gifts or if you are the subject of an IRS audit, we can advise you on your legal options. We stand behind all the estate planning documents we create. As your legal advocate, we’re committed to helping protect everything you’ve worked hard to build.
Our Legal Experience Matters For Gift Tax Planning
Our Coventry gift tax lawyer incorporates strategic gifts as part of your estate or Medicaid planning. We keep updated on changes to state and federal laws that can impact the amount of your gifts, so you aren’t paying unnecessary taxes.
- Five-star rating on Google with hundreds of reviews
- Geoffrey M. Aptt, founder of Aptt Law LLC, advises families and individuals with moderate to high net worth
- Mr. Aptt earned his J.D. cum laude from Roger Williams University School
- He is admitted to the Rhode Island and Massachusetts Bar
- Our attorneys counsel cryptocurrency investors with estate plans to avoid exposing cold storage assets to the web
Do you need help with your monetary or property gifts, and wish to avoid taxation? Call Aptt Law LLC today for a personalized consultation.
Disclaimer:
- The Rhode Island Supreme Court licenses all lawyers in the general practice of law, but does not license or certify any lawyer as an expert or specialist in any field of practice. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer client relationship.
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- Disclosure Under IRS Circular 230: Any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any tax-related transaction or matter.
