Estate&Trust_AdobeStock_369729779
Tax Services

Estates & Trusts

Abdo professionals guide you to the smartest way to prepare for your road ahead—and for generations to come.

For many individuals, there’s nothing more important than establishing financial security for your loved ones. For business owners, succession planning facilitates a smooth transition of ownership and business continuity. Our expert, forward-thinking team knows the best ways to protect your assets during a change.

We are consistently in sync with changes in estate and trust tax laws, and know how to protect your assets and minimize tax liabilities for your estate—and your heirs. We work with you and your attorney to help you understand the tax implications of your current estate plan and offer recommendations based on the current tax law situation.

Whether we’re offering guidance for your trust, estate, or gift tax return preparation; offering direction on wealth transfer strategies; or consulting with your attorney or financial advisor, we will give you and your family the confidence to navigate the future.

Abdo Insights

A behind-the-numbers view of best practices and holistic thinking.

Opening up to SLAT opportunities

Estate tax planning can become complicated when multiple parties are involved. For example, you have a spouse from a second marriage and children from your first marriage. Spousal lifetime access trusts, or SLATs, are designed to benefit your children or other heirs, while paying income to your spouse during his or her lifetime.

What estate planning strategies are available for non-U.S. citizens?

If you’re a U.S. resident, but not a citizen, the IRS treats you similarly to a U.S. citizen. Residency is a complicated subject and estate tax planning can get complicated if you or your spouse is a nonresident alien.

Abdo expertise

Guiding you to the best way forward

Our experience delivers proactive problem-solving for any challenge.

Tara Torseth, CPA, MBT

Tara focuses her practice on helping clients navigate trust and estate planning with ease.