Types of Tax Planning in Missouri or Arkansas
Whether you or a loved one need estate tax planning or income tax planning, the professional Missouri and Arkansas attorneys at The Law Firm of Christopher W. Dumm have the legal experience to ensure your money is protected. Our firm can assist your tax preparer to ensure tax returns are completed correctly, according to Arkansas and Missouri tax law, and you never pay more taxes than you owe.
Missouri and Arkansas Tax Law for Estate Tax Planning
Your estate plan can be used to help you reduce what is owed when filing taxes. Factoring in your will, trusts, and other estate planning documents, you or a loved one can maximize your Missouri or Arkansas 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. Missouri and Arkansas tax law allow trusts to be used 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 retirement goals for you or a loved one, optimizing what you own while reducing Arkansas or Missouri taxes. Each plan is unique, and seeking legal guidance from an expert tax planning attorney in Missouri or tax planning attorney in Arkansas can help you plan for a healthy financial future.
Missouri and Arkansas Tax Law for Income Tax Planning
Income tax planning can help you avoid paying more federal income tax than is necessary for your residence. Some factors to consider with this type of Arkansas or Missouri tax planning include your income sources, the various assets owned, and the businesses you operate, all of which can modify your filings to reduce your income tax. Consulting with an experienced Missouri tax attorney or Arkansas tax attorney can guide you toward the best options for completing your income taxes.
The Law Firm of Christopher W. Dumm helps you and your loved ones understand estate planning, asset protection, probate and estate administration, elder law, Medicaid planning, special needs planning, tax planning, and business planning. We welcome you to contact our Joplin and Springfield, Missouri offices, as well as our Bentonville, AR office to learn more about how we can help meet your tax planning needs.