Austin, Texas Estate Tax Planning
Serving Lakeway and the Surrounding Austin, Texas Area
Rather than a federal estate tax qualifying as a death tax or inheritance tax, it is actually a transfer tax. This excise tax is levied on the transfer of a person's assets after death. Estate taxes, gift taxes, and generation-skipping transfer taxes each comprise what is called the Unified Transfer Tax. While creating an estate plan, it is essential to seek legal advice to avoid or minimize federal estate taxes.