Tax Planning: Tax planning is an important tool to protect an individual, family, or business from unnecessary or avoidable tax consequences. Rollin J. Soskin & Associates, Ltd. offers estate, gift, and income tax planning designed to maximize your wealth by minimizing taxes on income, as well as upon transfer of assets by gift or upon death. Many of the legal services offered at Rollin J. Soskin & Associates, Ltd. revolve around tax laws. Our attorneys provide comprehensive tax advice in connection with transactions affecting you and your family during your lifetime, in the operation of your business and your investments, and in connection with the transfer of assets to future generations. When you consult our attorneys about any legal matter, they will advise you about the tax ramifications of each potential course of action. While we work closely with our clients' accountants, our firm offers income, estate and gift tax preparation services for individuals, trusts, charitable entities, and businesses for those of our clients who do not have established accounting relationships or for matters beyond the expertise or comfort of the clients' accounting professionals, or can refer them to one of the many well-qualified accountants with whom we have relationships, if that would be in the client's best interest.
We are fully equipped to undertake or assist in any of the following tax-related matters:

• Completing state and federal estate tax returns

• Completing federal gift tax returns

• Advising on the tax implications of various estate planning vehicles and conducting comprehensive tax planning

• Developing benefit plans for employees that include tax savings

• Advising on the timing of exercising stock options

• Counseling clients on the tax implications of buying or selling a business

• Advising on the tax implications of various charitable donations

• Advising on the tax consequences of buying or selling assets such as real estate, stocks and bonds.