Estates & Gifts

When it comes to alleviating the tax burden of estates through gifts, the attorneys of Hutchens Law Firm are well-versed in successful strategies for lessening your beneficiaries' tax liabilities. We draw upon our deep expertise in both estate planning and tax law to customize strategies for protecting your estate and minimizing tax liability when it comes time to pass it on.

We will examine the assets that comprise your estate, listen to your ultimate wishes and determine our services that best meet your needs such as:

  • Advising and facilitating gifts among individuals to lessen Estate Tax and Generation Skipping Tax liabilities
  • Advising you on the benefits of using the amount of the annual exclusion gift for estate planning strategy
  • Coordinating both lifetime and testamentary transactions to minimize Estate Tax and Generation Skipping Tax liabilities
  • Filing a Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return
  • Filing a Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return
  • Coordinating the filing of a Form 1041, United States Income Tax Return for Estates and Trusts

Through it all, we will work closely with you to identify the best legal avenues for maximizing the interests of your estate and minimizing the tax liabilities for your gifts.