Trusts and Estates

Matthiessen State Park waterfall

A Unique Expertise, Typically Found Only In Much Larger CPA Firms . . .

Outside of the large national and regional firms, most CPA firms do only a handful of trust and estate tax returns every year. Sadly, we often discover that those well-intentioned CPAs should never have accepted the engagement in the first place – they simply did not have the necessary expertise.  Errors made in preparing estate and trust tax returns can last for generations – literally.  Ask the important question of your CPA – “how many trust and estate tax returns do you prepare every year?”  If the answer does not impress you, find someone else.

We offer the expertise only found at much larger firms, but we deliver that expertise to our clients at rates far below the rates charged by the large CPA firms.  Our firm prepares hundreds of trust and estate tax returns every year.  Some of those are routine tax returns, but many are very complicated – the bottom line is that the professional must have the necessary knowledge and experience to recognize the difference.  This is an area that is very core to our roots – our managing partner, Greg Dowell, helped to run the trust and estate tax preparation and compliance practice at the historic Chicago law firm of Wilson & McIlvaine.  We continue to prioritize and focus on this work today and hone our skills, from hosting in-house seminars to placing staff members on the Northwest Suburban Estate Planning Council.

Helping You Navigate the Complexities of Trusts & Estates

Executors, beneficiaries, and attorneys look to us for fiduciary income tax and estate tax planning and preparation. Professional teamwork is important – we believe in coordinating our efforts with the investment advisers, bankers, and the attorneys to deliver the best overall experience to our clients.  Trusts and estates often involve complex tax issues and there simply is not substitute for experience. Our experience will help guide you through the difficult task of calculating and reporting trust income to beneficiaries. We will work with you to interpret and understand the income and estate tax consequences at death.

From planning to completion, from the routine to the complex, we are here to solve problems for our clients.  Our services to trusts and estates include the following:

Accounting

  • Paying bills
  • Checking account reconciliations
  • Preparation of financial statements and reports

Consulting

  • Analyzing financial objectives
  • Reviewing investment policy and performance

Fiduciary Income Taxes

  • Tax planning
  • Minimizing taxes
  • Achieving objectives
  • Tax preparation and compliance

Estate Taxes

  • Planning for estate taxes
  • Preparation of estate and gift tax returns