An estate plan is about more than documents: It’s about the people, values, and goals behind those documents. Trusts, wills, and other planning tools carry tax and reporting rules that can feel complex for families, trustees, and executors.
TKG Tax & Accounting works beside your estate planning attorney and financial professionals to help protect what you have built and pass it on with care. Our certified public accountants focus on the tax and administrative side of estates and trusts so you can focus on the decisions that matter most to your family.
A tax-focused approach to estate and trust work
Taxes play a large role in how much of an estate reaches the next generation. Income tax, estate tax, gift tax, and other transfer taxes can all come into play. We help clients and their advisers design plans that reduce unnecessary tax, respect current law, and avoid surprises for heirs.
Our estate and trust services may include:
- Planning for estate and gift tax exposure
- Reviewing titling and beneficiary designations with your attorney and advisers
- Coordinating funding of trusts after a death
- Preparing fiduciary income tax returns for estates and trusts
- Tracking basis and capital gains for investment accounts
- Assisting executors and trustees with accounting to beneficiaries
- Advising on charitable gifts and private foundations
- Helping families understand required distributions and elections
Support for executors and trustees
Serving as an executor or trustee is an act of trust. It also carries real duties under tax and state law. Many individuals accept these roles out of loyalty to a family member but feel uncertain about the work involved. We help trustees and executors keep complete records, prepare required filings, and monitor how assets are managed.
We assist with:
- Gathering and organizing financial information after a death
- Coordinating appraisals and valuations with other professionals
- Preparing estate and inheritance tax returns where required
- Helping to design a practical system for bill payment and cash management
- Developing clear reports for courts and beneficiaries
- Working with investment advisers to track income and principal
Guidance during major life changes
Estate and trust questions often arise during major transitions. A business sale, a second marriage, the birth of a grandchild, or a change in health can all trigger a need to revisit your plan. Our team helps you see the tax impact of different options, so you can return to your attorney with a clear list of choices.
A steady partner across generations
Families who work with us on estate and trust matters often continue that work across several generations. We come to know your goals and concerns and use that knowledge to support both current decision makers and younger family members who will step into new roles over time.
If you want an experienced, tax-focused team to help manage the financial side of your estate and trust planning, TKG Tax & Accounting is ready to help you move forward with clarity. Contact us today.