Estate, Trust, and Gift Taxation

It has often been said that life offers only two certainties – death and taxes.  Estate and gift taxation is the inevitable merging of these two certainties.   Whether you are a high net worth individual whose estate plan includes several trusts, the newly named and inexperienced executor of a family member’s estate, a parent wanting to gift a sizable portion of a down payment to a child, or anyone else with a question about trusts, estates, and gifting, Hancock Askew stands ready to help.  We will make sure that you understand the strategies and tax implications of your estate and gifting plan and will help you comply with the sometimes confusing filing requirements.  We work in coordination with your attorney and other advisors to ensure that your estate and gift plan minimizes estate and gift taxes while carrying out the objectives of the plan.  And we ensure that you comply with all tax filing requirements. Our services include:

• Income tax preparation for grantor trusts, irrevocable trusts, credit shelter trusts, marital trusts, children’s trusts, special needs trusts, and charitable  remainder trusts

• Preparation of Crummy letters

• Estate tax return preparation, estate income tax returns and assistance with estate administration

• Gift tax return preparation for lifetime giving and generation skipping allocations

• Estate and gift tax planning

• Trust accounting and reporting