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Estate Taxes in Houston, TX

Sound Legal Counsel from a Houston Estate Planning Lawyer

When an individual passes away, estate taxes are then imposed on their transfer of property. Depending on the state that the property is being transferred in, both federal and state taxes can be placed on their estate. Fortunately for people living in Texas, they do not have to worry about state taxes being placed on an estate. At Shepherd & Associates, our estate planning lawyer can provide you with the tools and comprehensive knowledge needed to understand when federal taxes are imposed and how to minimize them as much as possible. It is important to keep in mind that state and federal estate taxes are susceptible to change and fluctuate throughout the years.

Will a federal estate tax be placed on my estate?

The value of a person's estate is the sum of their assets, property and everything else they own. As of 2013, estates that are valued at $5.25 million or higher will be placed with a federal estate tax. These estates may face an estate tax of up to 40%. Anything valued under $5.25 million is not susceptible of this tax. Assets that are left to the surviving spouse or donated to a charity that is tax-exempt do not face a federal estate tax. Another way to avoid your estate from being taxed is to set up certain trusts with a Harris County probate lawyer. Attorney Shepherd values the importance of protecting your estate and is determined to help you minimize the taxes involved and pass down as much of your property as possible to your loved ones.

Talk to a Harris County probate attorney from our Texas law firm!

Whether you need help protecting your property from federal estate taxes or you are interested in learning more about estate taxes, do not hesitate to speak with a representative at our Houston, TX law firm. At Shepherd & Associates, we are committed to making your life easier and guiding you with ease through the legal process involved. We can alleviate your stress and provide you with a thorough understanding in estate taxes and help you feel confident in the matter. Call a Harris County probate lawyer and begin your free phone consultation immediately!

Shepherd & Associates - Houston Estate Planning Lawyer
Located at 14090 Southwest Freeway, Suite 300
Sugar Land, TX 77478
Phone: (713) 993-7791

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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