Estates & Trusts
Estates & Trusts
Guidance and Support When You Need it Most
Effective estate and trust tax planning is essential for preserving your wealth and ensuring your assets are passed on according to your wishes. Whether you’re preparing for the future or managing an existing trust, navigating the complex tax laws can be overwhelming and we’re here to guide you every step of the way.
Managing a recently lost loved one’s final tax returns, estate filings, and trust obligations is a complex process that comes at an emotional time. We work closely with people who have recently lost a loved one and need help with final personal tax return preparation, ensuring accurate filing to close their personal tax obligations.
Our full scope of Estate and Trust Tax Services include:
- Reviewing your estate plan and trust tax situation, offering suggestions to minimize taxes and help achieve goals
- Determine the estate tax burden as presently structured
- Trust income tax returns
- Estate tax returns
- Associated personal tax returns
- Final personal tax return preparation
- Gift tax returns and strategies
We have experience with a wide variety of Estate and Trust tax returns including:
FORM 1041 – Fiduciary Income Tax Return
Reports the income earned during the period the Trust or Estate is open.
FORM 706 – Estate Return
Reports the value of assets owned at date of death.
FORM 709 – Gift Tax Return
Used to report gifts and is the responsibility of the giver. Only required in certain gift giving situations.
FORM 1040 – Personal Income Tax Return
Standard form that reports one’s personal annual income.
FORM 5227 – Split Interest Trust Information Return
Used as part of a Charitable Reminder Trust (CRT)
State Estate Tax Returns
We prepare all state estate tax returns such as Washington State Estate and Transfer Tax Return and Oregon’s Form OR-706
