Estate Planning

Knowing your estate tax liability is the first step in planning and structuring ways to lower taxes. With the unpredictable nature of our government, it is imperative to reevaluate your estate plan annually and adjust as necessary and that’s exactly what we help our clients do.

Given the political environment, there could be significant changes to estate tax rules. The changes could result in many more people being over the threshold of having a taxable estate to pass on to family members and loved ones.

At BKMSH, it is our job to help our clients assess the value of their estate and plan for ways to mitigate taxes. We work with our clients on:

  • Estate planning, which includes tax projections and transfer tax minimization
  • Gift tax planning that includes analysis of family limited partnerships, grantor retained annuity trusts (GRAT) and intentionally defective grantor trusts (IDGT)
  • Charitable gift planning

Tax compliance within the estate area includes:

  • Year End Planning/Projections for trusts
  • Estate Tax Returns
  • Gift Tax Returns
  • Trust Returns