Family Wealth Services Group

trusts@mkllp.com

Trust & Estate Planning and Administration

Marcum & Kliegman's Trust and Estate Group handles all aspects of estate planning and administration. Our expert team of professionals develops strategic plans to preserve assets for the financial security of our clients and their families. Depending on the complexity of the property, how it is owned, the provisions of the decedent's will, and the applicable law, an executor has various complicated responsibilities. Marcum & Kliegman serves as an executor's trusted adviser.

Our Estate Planning Services Include:

• Development and design of estate plans to reduce
  estate and gift tax while maximizing family wealth
• Development of family-gift-giving programs and
  preparation of applicable Federal and State gift tax returns
• Creation and implementation of business succession plans
• Creation of strategies for using inter-vivos
  trusts in the estate planning process
• Design and implementation of charitable-giving
  strategies to minimize estate tax, gift tax, and income tax
• Planning for Individual Retirement Account (IRA)
  and qualified plan distributions to maximize family wealth and minimize taxes
• Preparation of business valuations to be utilized in effectuating lifetime gifts to minimize
  estate and gift tax
• Assisting clients in identifying long-term care needs and implementing solutions

Our Estate Administration Services Include:

• Preparation of Federal estate tax returns, Form 706,
  and applicable State inheritance/estate tax returns
• Preparation of judicial and non-judicial fiduciary accountings for trusts and estates
• Preparation of fiduciary income tax returns for trusts and estates, including income tax planning to minimize income taxes
• Preparation of Federal and State gift tax returns
• Post-mortem planning; including use of disclaimers, redemption of shares of closely-held businesses, and allocation of generation-skipping transfer tax exemption
• Working with attorneys, executors and beneficiaries to minimize estate tax and income tax
• Assisting executors in navigating through the estate administration process
• Assisting beneficiaries in resolving family disputes regarding inherited or inheritable assets
• Valuation of closely-held business interests to minimize