Types of Tax Planning in Missouri
Whether you or a loved one need estate tax planning or income tax planning, the professional Missouri attorneys at The Law Office of Christopher W. Dumm have the legal experience to ensure your money is protected. Our firm can help ensure your taxes are completed correctly, and you never pay more taxes than you owe in Missouri.
Estate Tax Planning
Your estate plan can be utilized to help you reduce what is owed in taxes. Factoring in your will, trusts, and other estate planning documents, you or a loved one can maximize your Missouri wealth and reduce how much the government can take.
There are some strategies to consider when safeguarding your assets from being over-taxed. One method is to declare some of your assets as gifts. A trust can also be utilized to transfer your property and assets to your designated beneficiaries, removing these assets from your estate. Estate tax planning is also an opportunity to address you or a loved one’s retirement goals to reduce and optimize what you own in Missouri taxes. Each plan is unique and seeking legal guidance from an expert tax planning attorney in Missouri can help you plan for a healthy financial future.
Income Tax Planning
Income tax planning can help you avoid paying more federal income tax than is necessary for Missouri residence. There are some factors to consider with this type of tax planning, including your income sources, the various assets owned, and the businesses you operate, all which can modify your filings to reduce your income tax. Consulting with an experienced Missouri tax attorney can guide you toward the best options for completing your income taxes.
The Law Firm of Christopher W. Dumm is here to help you and your loved ones understand Estate Planning, Elder Law, Asset Protection, Probate, Medicaid Planning, Special Needs Planning, and Business Planning. We welcome you to contact our Joplin and Springfield, Missouri offices to learn more about how we can help meet your tax planning needs.