Last Updated on: 19th March 2023, 01:34 am

Estate Tax Appeals Lawyers: Fighting the Government

In life, the only two certainties are death and taxes. Death may be unconquerable, but taxes can be fought. Taxes are the price we pay for a civil society, but the government’s demand for an estate tax can be fought. When someone dies, they leave behind a collection of items known as their estate, which is subject to an estate tax. Many people leave behind small estates, which may include a paid-up house, stocks, and bonds. Others may leave behind larger estates, including artwork, valuable jewelry, and interest in a flourishing business. The Internal Revenue Service (IRS) takes a keen interest in people’s estates and wants to ensure that all items left to others are fully examined before the intended recipient receives them.

For larger estates, the government will often hire an independent expert to appraise the items. The expert will examine all items and determine their value, which may not have been updated for many years. For instance, a home left to others may have an increased value since its purchase many years ago, and so will the entire tax bill. This can also apply to other items, such as antique jewelry, paintings left to a foundation, and stocks whose value has significantly increased since their purchase. Some states have an estate or an inheritance tax, which may affect a small number of people. In states like New York, Maine, Washington, Oregon, Illinois, Minnesota, and Maryland, the estate tax and inheritance tax may affect residents.

To avoid estate taxes, good legal counsel is a must. That includes a consultation with a lawyer who understands legal issues of this kind before embarking on estate planning. A good lawyer can help negotiate on behalf of those in line to receive a potentially large inheritance, and ensure that all necessary rules are followed. The right legal help is one way to get it all in place and ready before the IRS has the chance to ambush you with unexpected claims. Proper estate planning is crucial and can prevent the government from using your funds for purposes you do not want.

Sources:

“Federal Estate Tax Overview.” Internal Revenue Service. Accessed February 19, 2023. https://www.irs.gov/businesses/small-businesses-self-employed/federal-estate-tax-overview.
“Estate Tax.” Investopedia. Accessed February 19, 2023. https://www.investopedia.com/terms/e/estatetax.asp.
“State Estate and Inheritance Taxes.” Nolo. Accessed February 19, 2023. https://www.nolo.com/legal-encyclopedia/state-estate-inheritance-taxes.html.

Fighting for Your Estate: How Spodek Law Group Can Help

A proper estate plan can ensure that all necessary rules are followed before a person passes on. Estate planning is critical if someone has a lot of money and wants to prevent the government from using their funds for unwanted purposes. Spodek Law Group can provide the necessary legal assistance when fighting for an estate.

At Spodek Law Group, we understand the importance of good legal counsel for estate planning. Our lawyers have the necessary skills and knowledge to handle legal issues related to estate planning. We can provide a consultation for people seeking legal help before starting their estate plan, as well as negotiate on behalf of those in line to receive a potentially large inheritance. Our attorneys can help prevent the IRS from ambushing people with unexpected claims and ensure that all necessary rules are followed.

Our attorneys can work with clients to provide customized solutions for their estate planning needs. We can assist with wills, trusts, powers of attorney, and other legal documents to ensure that the clients’ wishes are carried out when they pass on. Our team of lawyers is experienced in navigating the complex world

of estate planning and can provide clients with the guidance they need to make informed decisions about their estates.

At Spodek Law Group, we understand the unique challenges of estate planning and have the experience and expertise to provide the best legal counsel for our clients. We have a long history of helping clients in New York and other states with their legal needs. We pride ourselves on providing exceptional legal services that are tailored to meet the needs of each client. Our attorneys have years of experience in estate planning and are dedicated to helping clients create a plan that works for them.

In conclusion, proper estate planning is essential to ensure that all necessary rules are followed before someone passes on. Spodek Law Group can provide the legal assistance needed to fight for an estate and ensure that clients’ wishes are carried out. Our team of experienced attorneys is dedicated to helping clients navigate the complex world of estate planning and will work with clients to provide customized solutions for their estate planning needs. Contact us today to schedule a consultation and learn how we can help you plan your estate.

Sources:

“Estate Planning.” Spodek Law Group. Accessed February 19, 2023. https://www.spodeklawgroup.com/estate-planning/.
“Estate Planning.” Investopedia. Accessed February 19, 2023. https://www.investopedia.com/terms/e/estateplanning.asp.