Trust & Estate Planning

Regardless of your level of wealth, estate planning is a vital part of your overall financial plan. Planning ahead can give you greater control, privacy, and an opportunity to leave more of your legacy to your loved ones.  Using Trusts will help you meet your estate planning goals.  Trusts can play an important part in helping you pass your assets on to your heirs when you die, or even before you die, depending on your particular goals.

Trust & Estate Planning Services:

  • Estates, Trusts & Gift Tax Filings – We assist our valued clients by filing Estate, Trusts, and Gift Taxes through our affiliated company Elite Accounting and Financial Services.

  • Estate Tax Planning – The estate tax is a type of “death tax”, whereby taxes are imposed on the right to transfer or receive property at the property owner’s death.

  • Trusts – A fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.  There are two types of trusts, Living and Testamentary.  A Living Trust is one that is in effect during the trustor’s lifetime. A Testamentary Trust is one that is created through the will of a deceased person.

  • Estate & Trust Financial Statement Preparation – Effective estate and gift planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

  • Probate – The legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.

  • Charitable Giving – Philanthropy through charitable contributions generates not only goodwill, but also has significant income and estate tax benefits for donors. For wealthy individuals, this may translate into hundreds of thousands of dollars in estate and income tax savings. A great way to accomplish this goal is through the use of charitable trusts.

  • Wealth Legacy Planning – This is the process of preserving family history, morals, beliefs and family treasures for future generations. Traditional estate planning completely overlooks the preservation and passing on of these most treasured assets.

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