A significant part of the estate planning process, tax planning ensures your assets are passed on to beneficiaries without being unnecessarily diminished through taxes. It is important to be aware of tax consequences, especially estate taxes, in order to maximize and maintain your family's wealth. Planning ahead with an attorney provides you with tools for maximizing your tax savings, minimizing income tax, and reducing capital gains tax on your assets.

A few of the projects that a skilled estate planning attorney can accomplish for you include:

• Eliminate estate tax on the full face value of any life insurance policies on your life and your spouse's life.
• Show you how to distribute some or all of your wealth to your grandchildren without having it taxed twice: once when it passes to your children and again when it passes to their children.