Inheritance Tax

Inheritance Tax Attorneys in Oklahoma City

What Is Inheritance Tax?

Inheritance tax is a tax that is levied on the recipient of an estate. It is imposed by the federal government or the state government, depending on where the deceased person lived. For example, if the deceased person was a resident of Oklahoma, the tax would be imposed by the Oklahoma government. However, if the deceased person lived in another state, the tax would be imposed by the federal government.

Inheritance tax is imposed on the total value of the estate, which is the total sum of all property owned by the deceased person. This can include bank accounts, stocks, real estate, jewelry, and anything else that is considered to be of value. There are certain exemptions and deductions that can be taken into account, however, so the final tax bill may be less than the total value of the estate.

An inheritance tax attorney, such as those at The Schroeder Group, can provide invaluable legal support during inheritance tax issues. Our attorneys are well-versed in the complexities of inheritance tax law, and understand the implications it can have on an individual's financial situation.

Call our knowledgeable and compassionate team at (405) 704-3882 to schedule a free consultation.

How Can an Attorney Support Your Inheritance Goals?

At The Schroeder Group, we understand that every one has unique concerns when it comes to protecting their legacies and the legacies of those they love. 

Our experienced estate planning team can assist with:

  • Comprehensive Planning: Our inheritance tax attorneys will help you create a comprehensive plan to minimize your inheritance tax liability. This could involve setting up trusts, gifting assets during your lifetime, or executing other strategic planning tactics.
  • Preparation and Filing: We will aid in the preparation and filing of your inheritance tax returns, ensuring compliance with all statutory requirements and deadlines.
  • Dispute Resolution: In contentious situations involving disputes over inheritance tax, our attorneys will provide representation, working diligently to protect your rights and interests in court or negotiations.
  • Guidance and Advice: We will offer guidance and advice on understanding exemptions and deductions that could be available to you, helping you make the most effective financial decisions.
  • Client Service: Our attorneys' commitment to client service ensures that you are not alone during challenging times. We can provide you with legal assistance to navigate your inheritance tax issues.

How Can Tax Planning Impact Inheritance Tax?

Tax planning plays a pivotal role in managing inheritance tax liabilities. By leveraging strategic tax planning techniques, individuals can anticipate potential tax burdens and implement measures to mitigate them. This could involve transferring assets into trusts, making lifetime gifts, or taking advantage of available exemptions and deductions. With the aid of the inheritance tax attorneys at The Schroeder Group, tax planning can be an effective tool to support a seamless transition of wealth while preserving the estate's value for the next generation.

Contact our Oklahoma City team at (405) 704-3882 for a personalized inheritance tax strategy session.

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How Can The Schroeder Group Serve You?

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