Account Service

Estate Planning

No one likes to think about the inevitable, but it’s important to plan for the future of your estate after you’re no longer around. Estate planning is an important process of creating a plan for how a person’s assets will be distributed at the end of his or her life. Although estate planning is largely focused on financial elements, these plans affect every aspect of a person’s life, and, as such, should be meticulously considered to ensure the best decisions are made.

Estate Planning Services

There’s a lot that goes into estate planning. From wills and trusts to various powers of attorney, every step of the estate planning process is intricately detailed. To learn about everything that’s involved in estate planning, your best decision would be to sit down with a seasoned tax professional—such as a CPA from DeFreitas and Minsky LLP—who can explain everything you need to know about the decisions you need to make.

Design and Implementation of Estate Plans    

Our Estate Planning service guarantees that your estate is managed exactly as you wish, focusing on reducing legal complexities and tax burdens for your heirs. This approach not only secures your legacy but also offers you and your family peace of mind for the future.”

Advising on Financial and Tax Implications of Sophisticated Estate Planning Strategies

Expert guidance to navigate the complex financial and tax aspects of advanced estate planning. We ensure that your estate planning decisions are both financially sound and tax-efficient, aligning with your long-term goals and securing your legacy.

Review of Existing Wills and Trust Agreements   

Thorough examination and assessment of your current estate planning documents. We ensure that your wills and trusts reflect your current intentions and circumstances, while also aligning with the latest legal and tax regulations, safeguarding your legacy and providing clarity for the future.”

Gift and Generation Skipping Transfer Tax Planning and Tax Returns.  

Strategizing the transfer of wealth to beneficiaries while minimizing exposure to gift and generation-skipping transfer taxes. We expertly prepare and file the necessary tax returns, ensuring compliance and maximizing tax efficiency in your wealth transfer plans.

Complex Fiduciary Income Tax Issues 

In-depth guidance and solutions for intricate tax matters related to trusts and estates. We navigate the complexities of fiduciary income tax to optimize tax positions, ensure compliance, and safeguard the financial interests of trustees and beneficiaries.

Durable Financial Power of Attorney   

Preparation of legal documents that authorize a trusted individual to manage your financial affairs. This service is essential for ensuring that your financial decisions continue to be handled responsibly in the event that you are unable to do so yourself, providing security and peace of mind for your future.

Charitable Planning Strategies 

Designed to help you integrate philanthropy into your financial and estate planning. We provide tailored advice on how to effectively support charitable causes in a tax-efficient manner, aligning your philanthropic goals with your overall financial plan for a lasting impact.

Post-Mortem Tax Planning   

Essential guidance on managing tax obligations and opportunities that arise after an individual’s passing. We focus on optimizing the tax position of the estate and beneficiaries, ensuring that the final financial affairs are settled efficiently and in accordance with the decedent’s wishes.

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One of our certified public Accountants

Speak to One of Our Certified Public Accountants

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FAQ

Frequently Ask Questions.

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Estate planning involves arranging the management and disposal of a person's estate during and after their life. It is important for ensuring your assets are distributed according to your wishes and to minimize tax burdens.
Common documents include wills, trusts, power of attorney, and healthcare directives.
You should review and possibly update your estate plan after major life events like marriage, divorce, the birth of a child, or significant changes in your financial situation.
Yes, proper estate planning can minimize the estate taxes owed through various strategies like gifting, trusts, and charitable donations.
Yes, proper estate planning can minimize the estate taxes owed through various strategies like gifting, trusts, and charitable donations.
No, estate planning is beneficial for anyone who wants to ensure their assets are managed and distributed according to their wishes.
It can protect beneficiaries from potential financial mismanagement, creditors, and legal disputes over your assets.
A trust is a legal arrangement where assets are held by a trustee for the benefit of others. It can provide more control over asset distribution and can offer tax benefits.