Image for Estate and Gift Tax Litigation

Estate and Gift Tax Litigation

Estate and Gift Tax Litigation involves disputes related to taxes on inherited assets or gifts over a certain value. When someone passes away, their estate may owe taxes based on its total worth. Similarly, gifts above a specific amount during a person's lifetime can also trigger taxes. Disagreements may arise over how much tax is owed, the valuation of assets, or the legitimacy of deductions. Such disputes often lead to legal proceedings in tax courts, as personal and financial stakes can be high for beneficiaries and estate executors navigating complex tax laws.