Activity from the Haynesville Shale is sweeping across our part of the state. Families with modest estates are now finding themselves with hundred of thousands, or even millions of dollars, and simply don't know where to turn. We offer FREE reviews of your current situation to access how you can cut your taxes and keep more of your money in your pocket. Bonus money from oil and gas leases is treated as ordinary income and is taxed at a maximum combined state and federal rate of 41%, not to mention the additional taxation that could come from royalties if a well is productive. Unfortunately, many people receiving lease money will unknowingly, and unnecessarily, send a large chunk of it to the state and federal governments in tax payments that could have easily been avoided with proper tax planning. Through the use of advanced estate planning techinques, including certain types of trusts and limited liability companies, we can not only drastically reduce income taxes in this and future years, but also avoid the additional tax bite that could come at your death in the form of federal estate taxes. In addition to our tax and estate planning services, our affiliated financial planning firm, Long Financial Services, L. L. C., can assist you in investing your money for the maximum benefit. People who suddenly come into large sums of money, and don't know what to do or where to turn, often fall victim to financial advisors with little or no advanced education or credentials in estate planning, often with disastrous results. We ensure that your investment objectives are appropriately aligned with your overall tax and estate plan so that everything is consistent and coordinated. If you are currently working with someone who has not included a Board Certified Estate Planning Attorney in the planning process, it may be a sign that the financial advisor is proposing a plan that is not appropriate. Call us instead. Regardless of what you may have heard, there is something that you can do to reduce taxes and keep more of your money in your pocket. If someone, even another attorney, CPA, or financial advisor, has told you there is nothing that you can do, it is just because they don't know what to do, or how to do it. Call us instead. Caution! If you received your bonus payment in the current year, you must take action before December 31st or many of the tax saving opportunities will be lost forever. Call us today at (318) 352-9229 for free information on how we can help. |