Grant N. McKeehan, PLC Offers Aid with Holiday Annual Exclusion Gifts

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As the holidays are fast approaching, Attorney McKeehan is busy working with clients who are organizing annual exclusion gifts for their families. While he offers help organizing these annual exclusion gifts all year round, he is busiest with these cases during the winter season.

Scotsdale Estate Planning Lawyer

Scottsdale Estate Planning Attorney

With the holidays almost here, Attorney Grant N. McKeehan’s legal services are in high demand. Attorney McKeehan is frequently sought after because he has a LL.M. from the New York University School of Law Graduate Tax Program. This is in addition to his Juris Doctor degree from the Arizona State University College of Law. All of his studies have helped him to gain the understanding needed to help families with estate planning methods in Arizona. When in school, he received the CALI Excellence for the Future Award because he had top grades in many of his classes. He was also named the best Oralist in the William C. Canby Appellate Argument Competition.

During December, Attorney McKeehan often works with clients who want to give an extra special Christmas gift to their loved ones. According to federal tax laws, an estate holder can gift up to $13,000 per person with an annual exclusion from federal gift taxes. Married couples have the right to combine their annual exclusion amounts so that they can gift between $26,000 to each person per year without incurring any tax gift liabilities. While these annual exclusion gifts can be a wonderful present for a loved one, there are many small nuances that make the gifting process complicated. When a client decides to take advantage of this tax-free opportunity to give some of their estate to an heir, it is important that they hire an estate planning lawyer to walk them through the process. Attorney McKeehan is willing to come alongside the residents of Scottsdale and show them how to negotiate through an annual exclusion gift.

Hiring the wrong attorney to work on an estate planning case can be detrimental. One small slip can cost a family thousands of dollars in taxes. Some uneducated attorneys counsel their clients to take expensive, complicated routes of estate distribution. Attorney McKeehan understands the implications of a poor choice. That is why he has dedicated his practice to handling complicated estate planning and tax laws. He has been licensed to practice law by the State Bar of Arizona since 2004 and was recently licensed by the U.S. Tax Court.

Attorney McKeehan cautions individuals to keep in mind that all gifts that are made to a spouse who is a U.S. citizen are exempt from gift taxes because of the unlimited marital deduction. Gifts that are made to spouses that are not U.S. citizens have their own annual exclusion amounts and are not a part of the $13,000 exclusion provided. In 2013, the annual exclusion amount is slated to move up to $14,000 for the first time in several years. Interested parties can learn more about this annual gifting amount by hiring a lawyer like Attorney Grant N. McKeehan today!

Grant N. McKeehan is a dedicated Scottsdale estate planning lawyer. He is eager to help the men and women in Arizona who need assistance when planning their wills, trusts, or organizing financial gifts for their family members. This attorney has been admitted by the State Bar of Arizona and is also licensed to practice in the U.S. Tax Court. His intimate knowledge of taxation makes him an invaluable asset in estate planning because he can often help his clients to save money and avoid unnecessary taxes. To learn more about this attorney, visit http://www.grantmckeehan.com.

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