Trusts & Estates
Trusts & Estates
Our fiduciary clients (executor, trustee, administrator, or personal representative) appreciate our understanding of the tax laws, so that we can optimally match income and deductions, including the use of distribution timing and related trust tax elections, to minimize tax liabilities. As part of our Taxation practice, we work in the preparation and compliance of Form 1041 for trust taxes and fiduciary accountings.
Preparation and Compliance
Our professionals know what tax elections are available and when and how they must be made. We also understand the effect of state laws on both Federal and State trust and estate tax returns. We typically work with your estate planning attorney in this process.
Of course, we focus on timely and accurate preparation of these tax returns. We make sure that all documentation is thorough and well-organized, and ready for any potential IRS audits, which are relatively common for these returns.
Litigation Support
Our professionals are frequently hired to address misappropriation of asset concerns among beneficiaries. See Litigation Support page.
Planning
Our professionals work with our clients and their attorneys to reach the legacy goals important to each client.
