Innovative Thinking with a Practical Approach

Taking Control Of Estate And Transfer Taxes In Ohio

At Cavitch Familo & Durkin Co., L.P.A., we carry a legacy of trust and commitment that has been a hallmark since our founding in 1886. We take pride in guiding families through the complexities of estate planning, ensuring their legacies are preserved and their financial futures secured. Our Cleveland team can assist you with the intricacies of estate, gift and generation-skipping transfer taxes, tailoring strategies to your personal financial circumstances.

Why choose us? We are deeply rooted in the Cleveland community and have cultivated a strong bond with the families we serve. To us, planning for the future is about more than just numbers; it’s about the peace of mind that comes from thoughtful preparation.

Understanding How Estate Taxes Affect You

Estate taxes can be a significant consideration in managing your legacy. These taxes are levied on the transfer of assets at death, affecting the value of what you leave to your loved ones. Our Cleveland estate planning attorneys possess a wealth of knowledge in estate tax preparation and avoidance. They work to minimize your tax burden while ensuring your wishes are honored. Let us help you secure your estate for many future generations.

Proactive Guidance Regarding Gift Tax

Gift taxes apply to the transfer of assets during your lifetime. As of 2024, you can gift up to $18,000 to another individual without having to pay the gift tax. Understanding how taxes may impact financial gifts is crucial to effective estate planning. Our tax lawyers can guide you through the process of gifting assets to your loved ones while optimizing your tax advantages. We’re here to help you make informed decisions that benefit both you and your beneficiaries.

Addressing Generation-Skipping Transfer Taxes

The generation-skipping transfer (GST) tax is a tax on transfers to recipients who are two or more generations below the donor. Planning for GST taxes is essential to protect your assets from undue taxation as they pass down to future generations. Fortunately, our estate planning attorneys and tax attorneys are well-versed in strategies to help you navigate these complex regulations.

Secure Your Legacy With A Cleveland Estate Planning Lawyer

At Cavitch Familo & Durkin, we are dedicated to serving your family’s estate planning needs with care and foresight. We invite you to reach out to us to schedule a consultation. Contact us today at 216-621-7860 or send us an email to begin.