- Audit and Assurance
- Business Development Incentives
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- Trusts and Estates
Trusts and Estates
With today’s ever-changing tax laws, estate planning can maximize savings and preserve the assets our clients worked so hard to build and maintain.
Our trusted CPAs spend time with clients to gain an understanding of their goals, then assist in developing an individual strategy designed to meet their needs and minimize tax consequences. Whether it’s providing for future generations or funding a favorite charity, we can assist in establishing safeguards to preserve well-earned assets, providing for continued income, and preparing for all the changes life can bring.
Is it better to choose a family member, non-family member or a bank as the trustee? If you choose a family member, how much power should he or she have over siblings, children and others? What happens at the termination of the trust? Our experienced advisors can walk you through these uncertainties, explore all of your options and help you make the right decisions for you and your family.
Charitable remainder trusts
If you wish to leave a legacy we can help you establish a trust that will provide income to you for the rest of your life and allow you to leave specific assets to the charity of your choice.
Tax planning and return preparation
Proper planning can significantly reduce estate tax burdens for many individuals, and planning strategies often include establishing a trust. In addition to tax planning we prepare annual tax filings to ensure compliance with federal and state regulations.
Surrogate accounting preparation
When a trustee resigns or passes away we provide accounting for the beneficiaries of all funds that went in or out of the trust.
Family limited partnerships
We have assisted in establishing more than 50 family limited partnerships for clients throughout our community, helping clients reduce taxes and protect assets.
Tuesday, May 23, 2017
As you formulate and adjust your succession plan, your insurance policies can serve as a critical safeguard.
Friday, May 19, 2017
Donors of large gifts often put restrictions on their donations. Such gifts are subject to extensive IRS regulations. This article looks at various types of restrictions and how they can affect a donor's ability to take a tax deduction.
Thursday, March 9, 2017
Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from your traditional IRAs, including any simplified employee pension (SEP) accounts and SIMPLE IRAs that you set up as a small business owner?