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Crain & Wooley Crain & Wooley
Call Us Today Plano: 972-945-1610 Mansfield: 682-356-4820 Fort Worth: 817-672-9442
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Tax Planning

Dallas-Fort Worth Tax Planning Attorneys

Assisting Clients With Tax Planning in Texas

At Crain & Wooley, we help clients of all backgrounds plan for costly estate taxes on the assets they plan to pass on to loved ones and other beneficiaries. Our dedicated legal team in Dallas-Fort Worth is familiar with the various components of gift taxes, estate taxes, and generation-skipping transfer taxes, and we have the extensive resources you need to minimize or avoid tax liability.

Call Crain & Wooley today at (972) 945-1610 or contact us online to schedule a consultation with our tax planning attorney in Dallas-Fort Worth.

What is Tax Planning?

Tax planning is considered the organization of finances to minimize tax liability while complying with tax laws and regulations. It often involves analyzing your financial situation, identifying possible tax-saving opportunities, and implementing strategies to optimize your tax position. Effective tax planning helps individuals and businesses maximize their after-tax income, preserve wealth, and achieve financial goals.

Tax Planning Matters We Handle

Call or visit our law office today to discuss any of the following tax planning strategies:

  • Charitable Giving: You can take income tax deductions for money or assets you donate to charity. You can also use charitable remainder trusts, charitable lead trusts, or family foundations to avoid capital gains and estate taxes.
  • Assets in Trust: There are different types of trusts that can be used to protect assets and reduce the size of your taxable estate. We can help you determine if your estate plan should include grantor retained annuity trusts (GRATs), irrevocable life insurance trusts (ILITs), education trusts, or special needs trusts.
  • Annual Gifting: You can transfer money or assets to your family members and other loved ones to reduce the total value of your estate. This tax strategy lowers the amount of estate taxes that will be due after you pass away. Annual gifting allows your assets to be transferred to beneficiaries without incurring costly gift and estate taxes.

How Our Tax Planning Attorney Can Help You

We can help you by:

  • Strategic Tax Planning: We work closely with individuals, families, and businesses to develop customized tax strategies aligned with their short-term and long-term financial objectives. Whether you're looking to minimize income taxes, reduce estate taxes, or optimize business tax efficiency, we can help you navigate the complexities of the tax code and identify opportunities to legally reduce your tax burden.
  • Income Tax Optimization: With our in-depth knowledge of federal, state, and local tax laws, we can assist you in structuring your income and investments tax-efficiently. From maximizing deductions and credits to exploring tax-deferred investment options, we'll help you make informed decisions to minimize your current and future tax liabilities.
  • Estate and Gift Tax Planning: Estate and gift taxes can significantly erode the wealth you've worked hard to build over a lifetime. We can help you develop comprehensive estate plans that minimize estate taxes and ensure your assets are transferred to your heirs according to your wishes. Whether you need assistance with wills, trusts, or other estate planning tools, we'll provide personalized guidance to protect your legacy and preserve wealth for future generations.
  • Business Tax Strategies: As business owners, we understand the importance of sufficient tax planning for small businesses, startups, and corporations. We can assist you in navigating the very complex landscape of business taxation, including entity selection, restructuring, mergers and acquisitions, and succession planning. By optimizing your business's tax structure and leveraging available tax incentives, we'll help you maximize profitability and minimize tax exposure.
  • IRS Representation and Tax Compliance: Dealing with the IRS can be daunting, especially if facing an audit or tax dispute. We can provide skilled representation in IRS proceedings and negotiations, helping you resolve tax issues efficiently and effectively. We'll ensure you comply with tax laws and regulations while protecting your rights and interests.
  • Year-Round Tax Guidance: Tax planning is not a once-a-year task—it's an ongoing process that requires careful attention and proactive strategies. We are available year-round to provide guidance, answer questions, and assist with tax-related decisions as your financial circumstances evolve. Whether you're planning a major life event, such as marriage or retirement, or navigating changes in tax laws, we'll be by your side every step of the way.

Contact Our Tax Planning Attorneys in Dallas-Fort Worth Today

Our talented and knowledgeable legal team is committed to serving clients of all backgrounds who need advice with complicated estate planning and tax matters. We take great pride in using our extensive resources to customize unique and effective tax planning strategies that are suited to our client's various needs.

Call (972) 945-1610 or contact us online today to get started with our Dallas-Fort Worth tax planning lawyers!

Satisfied Clients Tell Their Stories

  • "Thank you and God Bless you"

    Thank you for being my Living Trust and other Estate documents attorney. Due to our move and storage of business and personal documents, we had trouble locating & we took a lot longer to respond to your drafts, etc. You were very patient with me and my needing lots of explaining of legal terms and meanings. At my age, I was concerned about getting things done but wanting it all done right. You were very prompt in responding to my questions and I think by time of signing I felt confident we had things just the way we wanted to protect my heirs. Thank you and God Bless you.

    - Donna V.
  • "Very much appreciated"
    I am very much appreciated your service If anyone like me needed your service I will introduce about you. Everything you did with in a week. Very much satisfied all your service.
    - Sarah P.
  • "Smooth and easy"
    Learning about trusts at the meal was easy and educational. The set down at the office was where the finer points of trusts was explained. That is where and when we decided to make it safe and easy for our heirs. Our final meeting where we signed everything and an explanation of each item was given went smooth and easy. All in all I would say the investment in the trust was worth it.
    Thank you to Crain & Wooley office and staff
    - Anonymous
  • "Professional and knowledgeable"

    My husband and I recently had our living trust completed through the help of Crain and Wooley. Justin and his staffs are professional and knowledgeable. A special thanks to client education specialist Stephen. He is such a nice gentleman and always answers our questions clearly and right to the point, and always ready to help by answering your concerns promptly. We will certainly refer the law firm to our families and friends!

    - Susan X.
  • "Excellent, Highly recommend"

    We went to seminar to just find out what we needed to do for a will, They gave us all the info we needed right then there. Offered a really good price if we signed up to get one that day. A few weeks later after our appointment we have a Living trust. They were helpful with all our questions and were very thorough with these explaining the whole process. They stuck with the price that we paid + let us call anytime if we had any questions. Excellent, Highly recommend this company.

    - Linda B.
  • "So good to finally have a plan"

    After worrying about our lack of estate planning for years, it feels so good to finally have a plan in place. Thank you for making the process relativity painless and offering the educational support we needed.

    - Leslie W.
  • "5 Stars"
    Me and my appreciate Mr. Crosby we think that he was very professional in doing his job and we give him 5 stars when it come to him doing his Job.
    - James A.
  • "Overall experience was seamless"

    We recently had the opportunity to attend a workshop hosted by Crain & Wooley regarding wills and estate planning. Based on the information provided we decided to proceed with our estate planning with Justin and his team.  The overall experience was seamless and the process was clearly communicated. We had our homework and once that was completed, several iterations later we had our final walk-through and signed estate plan. We would recommend Justin to our family and friends.

    - Earl B.

Designed for Your Comfort & Convenience

Estate Planning With Us Means:
  • Flat-Rate Pricing*

    Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees. *Our flat rate fees apply only to proactive planning services.

  • Optional Lifetime Guarantee
    With our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.
  • Knowledgeable Service
    Laws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated or educated in this area of law. We’re the experts so you don’t have to be.