California Wills, Trusts, Probate & Litigation Attorneys
Bradley R. Kirk & Associates, Inc. | A Professional Law Corporation
Office Address: 2600 Michelson Drive Seventeenth Floor Irvine, California 92612

Orange County Tax Planning Lawyer

Tax Planning Attorney in Orange County

Tax PlanningIn our system of government, estate taxes can represent a major tax burden for many families. During our lives, we earn money. From that money, the government exacts certain taxes.  When we work for an employer, the employer must pay tax on our salary. Before paying us, employers must pay state and federal income tax, social security tax, medicare tax, state disability tax, and state unemployment tax.  From our earnings, we then pay state and federal income tax, social security tax, medicare tax, and state disability tax. A portion of these taxes are withheld by our employer and paid directly to the government. Then, after we receive our paycheck, we continue to be taxed. We pay sales tax at the supermarket, real property tax to the County, federal gas tax, state gas tax, local gas tax and DMV registration tax.  If we have investments that grow in value, when we sell them we pay capital gains tax.

Then, at the end of our life when we pass away, the government comes in one last time and attempts to levy an estate tax. This tax is anywhere between 37%-48% depending on our net worth.  An effective estate plan uses every legal technique available to assist a person in minimizing their estate taxes to the greatest extent possible. Sometimes it is possible to greatly reduce the amount of estate taxes a client will pay. Other times, it is possible to entirely eliminate those taxes.  In any event, for most of our clients we are able to save them hundreds of thousands of dollars in taxes through basic fundamental estate planning techniques.

Contact an Orange County Probate Lawyer at Bradley R. Kirk & Associates today to discuss tax planning.

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Office Address: 2600 Michelson Drive Seventeenth Floor Irvine, California 92612 Phone: (949) 252-0333