Tax & Estate Planning

reduce or eliminate estate taxes by planning ahead

As your trusted advisor, we help you develop an estate and trust plan that protects you and your loved ones.

Estate matters affect everyone. Protecting your assets is critical to ensure financial security for your loved ones. Providing security for your surviving spouse can reduce or eliminate the tax due on the transfer of your business and other assets.

The successful approach to individual tax and estate planning requires highly trained and experienced tax professionals who are familiar with all aspects of a client’s business, his/her family and investment objectives, individual taxation, and estate planning. We look at the big picture, and then create estate plans and strategic income tax plans which take into account your situation.

By taking proactive steps today, you can ease the way for your heirs during a very difficult time. We can work with your legal counsel to help you to structure your estate and trusts to minimize taxes and ensure the smooth transition to your heirs. We are available to handle all estate and trust tax-related matters.

Who Needs Estate Planning

Effective estate 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. Without an estate plan, the wealth you worked your entire life to build will be distributed according to state law and not according to your wishes. Estate planning is crucial if you want to minimize taxes and distribute as much as possible to your preferred beneficiaries.

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.

We’re here to help you understand how the tax law applies to your situation and give you peace of mind as you handle the affairs of the estate or trust.

How We Can Support You

As your trusted advisor, we help you develop an estate and trust plan that protects wealth and minimizes the tax burden on you and your loved ones. We will work with you to design an estate plan customized to your particular needs by utilizing a variety of planning vehicles such as family limited partnerships, trusts, and charitable entities.

Let our trusted Hudson Valley professionals help you by taking the guesswork out of estate and trust taxes while ensuring a favorable outcome to your trustees. The experienced team at Taxes R Us can prepare fiduciary income and gift tax returns. Our team will help you look at opportunities to minimize tax expenses and help you understand trust document intentions while adhering to current tax laws.

Estate Tax Preparation

It is an overwhelming task to understand which tax filings are needed and how handling the estate will impact the heirs. We will help you through the tax process and give you peace of mind as you handle the affairs of the estate or trust. We will evaluate your unique situation to determine which filings are needed and accurately prepare the returns.

You never know. You may find yourself in the role of trustee or an executor without preparation or during a stressful life event, like the death of a loved one. Professional advisors at Taxes R Us are here to help you understand how the tax law applies to your situation and give you peace of mind as you handle the affairs of the estate or a trust.

Estate and Trust Tax Services

Allocating assets to spouses, children, trusts, and charities
Reviewing your estate plan and trust tax situation to ensure financial goals are met
Gift tax returns and strategies
Business succession planning
Trust administration
Trust income tax returns
Estate tax returns

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Taxes R Us has been helping individuals in the Hudson Valley since 1991. Please contact us for an appointment to assess your business’ needs. Accounting, bookkeeping, tax or business financial consulting.