Account Service
Trust Services
- Will and Trust Review
- Business Valuations
- Fiduciary Return Preparation
- Estate Planning (Pre and Post-Mortem)
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Frequently Ask Questions.
Professional auditing services provide an independent assessment of your financial statements, ensuring accuracy and compliance with regulations. This enhances the credibility of your financial reports, identifies areas for improvement, and can help in detecting irregularities or potential areas of risk.
Effective tax planning strategies help minimize tax liabilities and ensure compliance with tax laws. For businesses, this means optimizing tax efficiency and planning for future tax obligations. For individuals, it involves personal income tax planning, investment tax considerations, and estate tax planning.
Key considerations include identifying your objectives, such as asset protection, minimizing estate taxes, or providing for heirs. Understanding the types of trusts available and how they align with your goals is essential. Professional guidance ensures your estate plan reflects your wishes and provides for your beneficiaries efficiently.
We provide tailored solutions for family-owned and small businesses, including financial management, tax planning, and succession planning. Our services help these businesses in navigating unique challenges, ensuring smooth transitions to future generations, and maintaining financial stability.
We offer customized financial planning services that cater to the unique needs of same-sex couples, including tax planning, estate planning, and retirement strategies. Our expertise ensures that our clients navigate the legal and financial landscape effectively, regardless of their marital status.
Yes, we can streamline your payroll processing, ensuring accuracy and compliance with tax laws and employment regulations. Our services include payroll calculation, tax filing, and handling employee inquiries, allowing you to focus on running your business.
Non-profit organizations must navigate specific tax exemptions and filing requirements, such as filing Form 990 and maintaining their tax-exempt status. Our services ensure compliance, optimize tax efficiency, and assist with financial reporting and governance.
Personalized financial planning aligns with your unique financial situation and goals. It encompasses retirement planning, investment strategies, risk management, and estate planning. Tailored advice helps you make informed decisions, maximize wealth, and achieve long-term financial security.
Account Service
A trust, which is ordinarily used to transfer wealth to heirs or charitable organizations, is a fiduciary arrangement in which a trustee manages assets for the benefit of third parties. Get Started Insurance products, such as life insurance policies, annuity contracts and disability policies, may be used to fund trusts after death. Flexible and customizable, trusts may be drafted to meet the specific intent of the individuals who created the trust and tailored towards the specific needs of trust beneficiaries. They may also be used to minimize estate taxes.Trusts are a key element in a comprehensive estate and wealth transfer plan. Trusts are a primary vehicle used to direct how a person’s legacy is managed and distributed after death. Trusts may be established for minor children, the disabled or to place conditions on how an inheritance can be spent.Our Trust Services Include:- Will and Trust Review
- Business Valuations
- Fiduciary Return Preparation
- Estate Planning (Pre and Post-Mortem)
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One of our certified public Accountants Schedule FREE ConsultationSpeak to One of Our Certified Public Accountants
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WHAT OUR CLIENTS ARE SAYING!
DeFreitas & Minsky maintains high standards, produces detailed information and gets involved with our company so they can understand the operation on a more personal level. The information they provide is always accurate and current. We have been with them for more than 30 years! Pamela GossySyosset Truck Sales Inc. 4 years agoThis is my second year filing my taxes with DeFreitas & Minsky. I was referred by a friend. Honestly, It’s a blessing sent. Everyone there is professional and knowledgeable about tax codes. They even keep me abreast via email whenever there’s a new tax law and what it entails. I feel safe and sound when doing business with them. Junior Prophete True professionals and attentive to all of my needs. Manny, Melissa, and Michael are all super helpful. They took the time to help me with my taxes, financial planning, and estate tax needs. I highly recommend them. Deena Polsinelli We’ve been working with Manny for the last 10 years. Whenever we have a question he’s there and if he’s in a meeting during Tax Season (it happens), Jay is always there. Thank you Gentlemen. Thomas Jacoberger Previous Next FAQ
Frequently Ask Questions.
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What are trust services and who needs them? Trust services involve managing assets held in a trust for beneficiaries. They are beneficial for those who want to manage and protect their wealth, plan for estate taxes, and provide for beneficiaries. What types of trusts are available? There are various types of trusts, including revocable, irrevocable, living, testamentary, and special needs trusts, each serving different purposes. How does a trust work? A trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries according to the terms set by the trust creator. What are the benefits of setting up a trust? Benefits include asset protection, tax advantages, control over asset distribution, and privacy in estate planning. How does a trust impact estate taxes? Benefits include asset protection, tax advantages, control over asset distribution, and privacy in estate planning. Who can serve as a trustee? A trustee can be an individual or an organization. It’s important to choose someone who is trustworthy and capable of managing the trust’s responsibilities. Can trusts be changed or revoked? Revocable trusts can be altered or revoked by the trust creator, while irrevocable trusts generally cannot be changed once established. How do trusts distribute income to beneficiaries? Revocable trusts can be altered or revoked by the trust creator, while irrevocable trusts generally cannot be changed once established.