Estate, Gift and Income Tax Planning Lawyer in California
At The Hartmann Law Firm, we provide sophisticated tax planning for individuals and businesses. Our focus is on the interaction of various areas of state and federal tax law (estate, gift, and income taxes) with the needs and plans of our individual and business entity clients, and developing effective estate and other plans to avoid and minimize taxes. Many, if not most, choices we make in business and wealth planning have tax implications and tax effects. Identifying, and, to the greatest extent possible, minimizing such tax impacts through proper analysis and structuring of actions and transactions is critical to maximizing financial success and wealth preservation.
Arranging business transactions and estate plans to minimize or avoid taxes without losing sight of the mission and desired outcome is an art form that requires extensive awareness of tax laws and realities of life and the business world as well as the needs and goals of families and businesses. This is what we strive to do for our clients on an ongoing basis.
Beyond taxation, good estate and business strategic plans must be based upon the uniqueness of each individual, family and organization. An elegant plan that doesn't fit the client, or which fails to respect the variability of life and the business world is less than adequate. Good estate and business planning must take a long-term view and be sufficiently flexible to adapt to changed circumstances while advancing the always unique needs of people and organizations. In the world of effective tax and business decision planning, there is no such thing as "one size fits all." No two people or companies are truly alike, and so our planning efforts focus on the unique attributes and needs of our clients, and frequently involve the participation and input of other professionals with specialized talents, knowledge and skills - such as the client's CPA, insurance professionals and others. Through the strategic use of cutting-edge and traditional income and asset-transfer devices,as well as giving great respect to the unpredictability of life and the business world, our firm will work to help you take full advantage of applicable tax credits, deductions, exemptions and elections, so you can transfer your wealth and make both short and long term plans with maximum benefit for your business, your family and your philanthropic beneficiaries.
Our firm provides more than just experienced tax advice to individuals, executors, trustees and businesses in a wide range of tax areas. We deal with the hard realities of life and aging, illness, disability, and life's tendency to interfere with our hopes and dreams. We work to make life's inevitable transitions as simple as possible for your family, heirs and business associates. Anticipating illness, disability, death and less than honorable behavior of your heirs and business associates and developing plans that really work is our goal and practice based on many years of service to our clients and living their lives with them. We take great pride in the many long-term relationships and friendships with multiple generations of clients and families that have evolved over the years.
We provide general tax advice, including:
-General estate tax advice
-General gift tax advice
-General income tax advice
-Stepped up cost-basis
-How gifts can reduce your estate tax burden
-Capital gains upon the sale of real property, etc.
-Alternate valuation elections
-How charitable gifts can reduce your tax burden
-General tax advice for revocable, irrevocable, grantor and charitable trusts
-Taxation of S-Corporations, limited liability corporations, partnerships, etc.