Taxes are one of two certain things in this world—and so are changes in state and federal tax laws. If you are worried or feel uncertain about your assets due to possible changes in federal or Texas tax codes, you aren’t alone. If you haven’t consulted with a Conroe, TX, high net worth estate planning lawyer yet about your current financial state and goals, you risk not just your future but also your legacy. Proper tax planning is a vital part of your overall estate plan; a flexible tax plan can account for changes in tax laws to ensure that as much of your assets as possible are protected from taxation, creditors, or seizure.
At Stuart Green Law, PLLC, we help you protect everything you’ve worked so hard for. Our estate planning strategies can help you enjoy a more comfortable retirement, ensure that your family is protected after you pass away, and give you peace of mind knowing that whatever the future holds, you’re prepared. Contact us today for more information about how proper tax planning becomes a vital part of your estate plan.
Asset Protection From A Conroe High Net Worth Estate Planning Lawyer
Estate planning and asset protection are more important for high-net-worth individuals than for other people. We help minimize estate taxes, protect your assets from creditors, and develop a strong, comprehensive estate plan that can help avoid probate and shield your assets from becoming part of the public record.
With decades of combined experience in Texas estate planning, our attorneys are familiar with the unique needs of high-net-worth individuals. We get to know you and your financial goals and develop a robust array of legal vehicles to preserve your wealth. Our focus is on minimal risk and strong asset protection.
What Does High Net Worth Estate Planning Involve?
Our Texas estate planning lawyers take a multifold approach to your estate plan:
Minimize estate taxes by developing wealth transfer strategies and trusts. The threshold for paying wealth transfer taxes is $11.7 million for individuals and $23.4 million for couples. Although the law may change in 2025, we still strive to ensure that your taxable assets are below the taxable threshold.
Ensure the smooth operation of your business by developing a workable business succession plan. We can create a buy-sell agreement, name a successor to run your business should you be incapacitated, retire, or get into an accident, and make plans for your heirs to take over your business. We can also focus on making arrangements for children who will not be involved in the family business. Our goal is to ensure that business ownership disputes don’t tank the enterprise.
Planning for multi-generational wealth enables you to pass down assets without your family wealth being taxed at each generation. We can help you ensure your grandchildren are provided for, establish a charitable foundation to fund a cause dear to your heart, or both. Our goal is to help you leave a legacy you are proud of.
Learn More About High Net Worth Estate Planning Today
Have you been neglecting your estate planning? Have your family circumstances or relationships changed, and now you must revise your current estate plan? Don’t leave anything to chance. Call Stuart Green Law, PLLC, today for a personalized consultation with a skilled Conroe high-net-worth estate planning lawyer.