Deceased Taxpayers and Estates
Minimize tax burden weighting on your family
In preparing the tax return(s) for a deceased taxpayer and the trust tax return for an estate,there are numerous elections and tax planning opportunities available that can bring about substantial tax savings.
We are experience in handling all the different tax filings available for a deceased taxpayer and related tax matters for the estate, including:
- review the position on death
- review the will to determine the tax implications
- review any estate planning done for the decease and proposed changes if appropriate
- prepare valuations required for determination of fair market value proceeds from deemed dispositions of assets on death
- analyze tax planning options to minimize the tax on the decease, the estate and the heirs
- advise on the optimal distribution of assets
- tax and estate planning for a surviving spouse and/or other beneficiaries
- prepare the deceased taxpayer’s tax returns and applicable tax elections
- prepare the estate’s trust tax returns