Trust & Estate Tax
We work closely with you to educate and help to remove much of the stress and pressure from being an executor of an estate or trustee of a trust.
We tell clients the best person to entrust with carrying out their wishes after they pass is a loved one — a sibling or a child; however, that person typically has no experience in this huge role that can be very frustrating and under-appreciated. We work with these individuals closely to navigate these waters. Trust and Estate tax is a very specialized area, requiring years of practice and knowledge. We have been practicing in this field for over 20 years, having been trained by Big 4 accounting firms, and we have a wide depth of knowledge. In addition, we have served as executors of estates/trustee of trusts; therefore, we can provide a depth of knowledge for both the legal and accounting needs that you have as well as the practical problems that you will run into.
We provide the following services:
- Federal and state tax return preparation
- Consultations to help trustees understand and navigate the tax rules and avoid family issues
- Required distribution calculations and discussion with wealth advisors on distribution requirements
- Trust planning – including timely 663b election calculations
- Additionally, we have experience with most types of trusts including complex trusts, split-interest trusts, Irrevocable Life Insurance Trusts, Charitable trusts, Grantor Trusts, etc.
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