Tax Planning Is An Important Component Of Most Estate Plans

Tax planning is a critical part of almost everyone’s estate plan. It is also a complex element that can be highly stressful without legal guidance from a knowledgeable lawyer. Your loved ones could be exposed to unnecessary taxation when they inherit your assets if your estate documents are not constructed properly.

If you are seeking tax planning guidance in Springfield or southwest Missouri, Lisha A. Seery, LLC, has the trusted experience you need. We provide clients with more than 20 years of experience handling complex estate planning and probate matters.

Protecting You From Unnecessary Taxation

In 2018, the federal estate tax did not apply to estates valued at less than approximately $11.2 million for individuals or $22.4 million for a married couple; however, in 2026, these limits will revert to pre-2018 levels adjusted for inflation.

Nonetheless, people who inherit smaller estates can still have tax issues to contend with. Inheriting an income-generating asset, for instance, can expose you to tax liability. Inheriting IRAs, 401(k) plans and other retirement assets can also have tax consequences.

Whether you are establishing an estate plan or stand to inherit estate assets, we can evaluate your situation to determine which tax planning steps need to be taken.

Let Us Guide You Through The Process

Attorney Lisha Prater Seery and our knowledgeable staff are here to offer you guidance in establishing all types of estate planning documents. If you have concerns about estate taxes in Missouri, contact us online or by telephone at 417-459-4390 to arrange a consultation with an experienced estate planning attorney.