Practice Contact: John McDermott
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Taylor Porter's tax and estate planning practice has more-than 80 years combined of tax and estate planning experience and ensure the firm’s clients continue to adhere to the oft-changing tax and estate planning statutes and regulations both locally and nationally.
From individuals to small businesses to large corporations, tax and estate planning needs vary, depending on the client, and Taylor Porter's estate planning and tax attorneys have extensive experience in business formations, acquisitions, mergers, reorganizations and dissolutions, including structuring to minimize tax and liability exposure. We are experienced in representing non-profit, tax exempt and charitable entities from initial consultation through organization and obtaining tax status determination letters to dissolution and liquidation. In addition to counseling clients, we represent clients before local, state and federal tax authorities, including the Louisiana Department of Revenue and Taxation, the Board of Tax Appeals, the Internal Revenue Service, U.S. Tax Court, and all other Louisiana and Federal Courts. With CPAs as well as tax attorneys, the dual service can provide clients with the financial background to understand the intricate details of their company’s balance sheets, and also position us to be able to advise on business structure to reduce tax liabilities, ensure taxes are professionally filed, and be proactive in avoiding any litigation issues.
Taylor Porter also assists individual clients in need of assistance for estate planning documents, ranging from traditional wills and powers of attorney to establishing large-scale trusts, family limited liability companies, and long-term gifting plans to lessen both State and Federal estate and gift tax exposure. Our attorneys can help clients devise estate-planning strategies to help them stay below the exemption threshold and avoid a huge portion of their estate going to taxes, and sort out complex family or financial situations. State laws are very specific about what can and can’t be in a will, trust, or who can and can't serve as a personal representative to a will or trust, and be a financial power of attorney, so our attorneys are available to help sort out those complex issues.
Staying abreast of industry trends and regulations is and always has been important to our Firm and a duty to our clients.
Estate Planning and Administration
Recently Related Press Releases
"Withdrawal from START College Savings Plan for K-12 Education Available Until End of Year," by Rebecca Hinton, Oct. 15, 2020
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"Retirement Account Tax Rules Change Amidst COVID-19 Legislation," by Rebecca Hinton and Leah Cook, May 8, 2020
"Enhanced Gifting Opportunities for Donations to Public Charities Takes Effect Per CARES Act," by Rebecca Hinton and Ryan Gonzales, April 15, 2020
"COVID-19: Which Tax Return Filings Are Extended; What Are The Requirements?" by John McDermott, April 9, 2020
"IRS: Social Security Recipients to Get Stimulus Checks Without Filing Returns," by Rebecca Hinton, April 2, 2020
"U.S. Tax Filing Deadline Moved to July 15, 2020," by Rebecca Hinton, March 20, 2020
"Get Your House in Order - Estate Planning Steps to Take in Crisis Planning," by Justin Mannino, March19, 2020
"IRS Defers Tax Payments by 90 Days Past April 15 Deadline Due to Coronavirus," by Rebecca Hinton, March 17, 2020
"Supreme Court's Wayfair Decision and Its Impact on Tax Compliance," by Ryan Gonzales, The Taylor RePorter Legal Blog, Oct. 11, 2019
"Who Gets Prince's Little Red Corvette? - Family Estate Fight Over $200 Million Provides Valuable Lesson to Get a Will in Order," by Rebecca Hinton, The Taylor RePorter Legal Blog. Aug. 13, 2019
"New Louisiana Law Enables Parents to START Saving for K-12 Tuition," by Rebecca Hinton, The Taylor RePorter Legal Blog, Aug. 6, 2018
"Taking Care of Your Own (E)State of Affairs" - Estate Planning Requires Proper Preparation of Documents; Tips for Health Care Professionals to Plan Ahead, by John McDermott, Health Care Journal of Baton Rouge, July/August 2017
Estate Planning, by John McDermott
New Proposed Regulations for Family-Controlled Entities, by Mary Hester and John McDermott