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The administration of an estate can begin as a very personal endeavor but, without expert support, can quickly become a complex and technical one. State estate taxes, income taxes and other elements of estate planning must be considered to achieve the most beneficial outcomes for trustees and beneficiaries. Other considerations include determining who will receive one’s property, investigating the benefits of donations before death, understanding the impact of estate taxes on assets that remain for beneficiaries and developing a strategy to maximize the property that remains for minors after liabilities have been paid out.
A knowledgeable accountant can help with these complex issues and Gelman, Rosenberg & Freedman has decades of experience offering expert guidance in this arena. If you currently or soon anticipate becoming responsible for an estate, call our professionals.
It’s been a pleasure working with Andreas Alexandrou and his team at Gelman, Rosenberg & Freedman CPAs.
Peter Canine | Director of Finance