DALLAS, TX--(Marketwire - Feb 20, 2013) - Joe B. Garza, of the respected law firm, Garza & Harris, Ltd. (http://www.garzaharris.com), is highlighting the need for reviewing your asset protection, liability reduction and estate planning strategies for the next fiscal tax year (and beyond), in lieu of numerous tax changes and reforms that have gone into effect. These recent changes underscore the fact that no matter what strategy one may have in place, each year calls for a new review of methods to ensure that asset protection and adequate liability reduction methods are in place.
"These new tax changes will affect many persons and businesses that they were designed to, and can increase your tax liability exponentially, while reducing the protective seams of asset protection and estate planning tactics that were previously in place and infallible," explained Joe Garza, senior partner of Garza & Harris.
Recent tax law updates and changes to note include the new single filing bracket, up to 39.6% from 35%; the new capital gains rate of 20%, up from 15%; and the 3.8% surcharge for the Affordable Care Act. Notably, these changes can affect persons who are in the process of estate planning, and who are implementing asset protection strategies.
"As a premier estate planning and Dallas asset protection law firm, Garza & Harris always stays abreast of any changes to the complex tax code," Garza explained. "In spite of these recent changes, there is still much that can be added to your checklist for complete asset protection, liability reduction and estate planning that can safeguard your wealth, your assets, your portfolio and your legacy."
Learn more about Garza & Harris, Ltd. by visiting: http://www.garzaharris.com.
Garza & Harris, Ltd. specializes in complex tax transactions for businesses and for estate planning. The firm also provides estate planning, asset protection, business succession, and benefit planning services. Garza & Harris, Ltd. has been serving clients for more than 30 years. Garza & Harris is based in Dallas, Texas, but proudly serves clients throughout the United States.