DeVito & Co., LLC
Is Your Current Trust and Estate Plan Right for You?
Has your estate plan been reviewed and updated recently?
Did you know that changes to federal, state, and local estate tax laws can directly affect your trust and estate strategies?
Are you comfortable with the executor(s) and trustee(s) you have selected?
Are you taking maximum advantage of the annual gift tax exclusion?
Is your estate plan designed to take advantage of the available gift and estate tax exemption amount? Or would you rather follow other strategies that are more lucrative for you?
Are your beneficiary designations for IRAs, qualified retirement plans, and life insurance policies properly coordinated with your overall estate plan?
Do you have a will?
Do you have a management succession plan for your business?
Has your estate plan been reviewed and updated, if necessary, in light of the recent changes to the federal estate tax laws, as well as the estate tax laws of many states?
Have you looked into the benefits of charitable trusts?
Are you sure that your designated heirs will not be subject to excess estate taxes?
If you answered NO to any of the above questions, you should consider re-evaluating your current plan!
Regulations governing taxation of trusts and estates at both the federal and local levels are extremely complex; as is the case with most tax matters, they are subject to constant change.
DeVito & Co., LLC’s Trust and Estate Practice Group brings unrivaled expertise to matters of crucial importance for yourself, your family, and your business.
Our wide range of specialized trust and estate services include:
- Business succession planning
- Charitable gift planning, including managing charitable trusts and private foundations
- Estate tax planning and return preparation, including federal estate tax returns, applicable state inheritance tax returns, and fiduciary income tax returns
- Fiduciary accounting for trusts and estates
- Planning for IRA and qualified plan distributions
- Post-mortem planning to minimize income and estate taxes
