Estate & Trust Tax Solutions

Our specialists have the skills and expertise to prepare and file federal and state estate tax returns, fiduciary income tax returns, federal gift tax returns and individual and business income tax returns.

We work alongside you to assist in the gathering of important information and ensuring that your returns are filed on time while meeting all compliance standards.

Additionally, our advisors can assist personal representatives and trustees in the day-to-day administrative duties associated with serving in these roles.

With the combined experience of more than 100 years, our trusted advisors will be there for you every step of the way. Our team includes credentialed professionals with designations such as CPAs, JDs and AEPs. We look forward to helping you accomplish all of your estate and trust tax and compliance needs.

We provide the following estate and trust tax solutions (listed below); however, if you have a need outside of our core service areas, please let us know.

Estate & Trust Tax Services:

Our estate and trust tax specialists have the skills and expertise to prepare and file federal and state estate tax returns, fiduciary income tax returns, federal gift tax returns and individual and business income tax returns with the utmost compliance.

The executor of a decedent’s estate files Form 706 to determine the estate tax imposed by Chapter 11 of the Internal Revenue Code. This form is also used to compute the generation-skipping transfer (GST) tax imposed by Chapter 13 on direct skips. Our estate tax specialists will gather all necessary information to prepare and file both federal and state estate tax returns for you.

Filing of a Form 1041 tax return is used to record income generated by assets held in an estate or trust. Our highly trained estate and trust tax specialists work with you to gather information and file your fiduciary income tax returns for you.

Generally, a federal gift tax return form is required if you make gifts to or for someone during the year (with certain exceptions, such as gifts to U.S. citizen spouses) that exceed the annual gift tax exemption. Our team works with you to gather information and file your gift tax returns for you.

Our team of experts gathers certain information regarding charitable deductions and distributions of or from a split-interest trust to report the financial activities of a split-interest trust. They will also determine if the trust is treated as a private foundation and subject to certain excise taxes under Chapter 42. Once determined, our team prepares and files your charitable trust return for you.

Our estate and trust professionals can provide the executor or trustee with ongoing accounting reports of the estate or trust’s activity to provide timely information to beneficiaries and assist with the preparation of fiduciary income tax returns.  Our team can also produce timely accounting reports of the estate or trust’s activity if such information is required by a court or requested by an interested beneficiary.

Meet Our Estate & Trust Team

Learn more about our team members’ expertise, insights and how we can help you thrive.

Contact Us

Phone: 800.759.7857

Questions about how we can help you or your business thrive, or want to learn more about Warren Averett? Get in touch with us today!

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