TRUST & ESTATE PLANNING

Some clients believe only families with businesses to pass on or high net worth individuals require assistance with trusts and estate planning. However, the truth is that almost all of our clients can and do benefit from this service, one which provides peace-of-mind to those planning their estates along with their family members, spouses/partners or business associates.

A trust is a fiduciary arrangement that allows a third party (trustee) to hold assets on behalf of a beneficiary or beneficiaries. Our advisors can advise on structuring trusts to specify when a client’s assets will be passed to their beneficiaries. A well-run trust helps clients protect their legacies by protecting the principal of the trust until the beneficiary is able to safely make decisions regarding investments and distributions of trust assets.

Marital trusts, fiduciary, testamentary, charitable lead trusts, charitable remainder trusts and many forms of annuity trusts are a few of the options available. Our objective advisors steer clients toward the options best suited to their financial needs and goals.

While most firms in our field offer some form of estate planning, DDK has a truly sophisticated team dedicated to trusts and estates, many with decades of experience in this arena. With this level of experience and expertise, our team can address issues most clients don’t consider, including, for example, the process of tying their income tax and estate planning together.

In addition to this high level of expertise, trust & estates clients receive the personalized attention they would expect from a smaller firm, including conscientious follow up from their DDK contacts, who keep them up to date on how changes in the law will impact their personal financial situation.

An Array of Services

When it comes to administering trust and estates, business tax accountants need specialized knowledge. Regulations governing taxation of trusts and estates at both the federal and local levels are extremely complex and are, quite often, subject to constant change. Our trust and estate expertise encompasses:

  • Review and analysis of wills and trusts
  • Charitable gift planning and gift tax planning, including private foundations
  • Estate tax planning and tax return preparation, including federal gift and estate tax returns, applicable state inheritance tax returns and fiduciary income tax returns
  • Review of life and other insurance needs
  • Business succession planning
  • Planning for IRA and qualified plan distributions

Reach out to DDK’s experienced trusts & estates advisors to understand your options and begin planning your estate.