Estate and gift planning helps you create a strategy to insure your assets pass on to the beneficiaries of your choosing while minimizing the estate or gift taxes paid.
We have professionals with more than 30 years of expertise in the estate area ready to guide you through this decision making process. Many people think there is no longer a need for estate advice since the amount that can be passed tax free of the federal transfer tax system ( i.e. the exemption amount) has increased dramatically in recent years. However, even for estates with no federal tax liability, there can be a filing requirement. Some states impose an estate or inheritance tax that is triggered for smaller amounts. Also, a new option, known as portability has been created to allow a spouse with a taxable estate below the exemption amount to pass that unused exemption to their surviving spouse. An estate return must be filed in order to elect this portability option. For these and other reasons, it is still wise to discuss your assets and estate situation with us to make sure no planning opportunities are overlooked.
To that end, Atkinson is pleased to offer the following services:
- Advice on Estate and Gifting Strategies
- Preparation of Estate Tax Returns
- Preparation of Gift Tax Returns
- Preparation of Income Tax Returns for Estates and Trusts
- Business Valuations
- Family Limited Partnerships
- Family Limited Liability Companies
- Charitable Remainder Trusts
- Irrevocable Life Insurance Trusts
- Advice on Trust Funding