Trust and estate planning often involves tax considerations that extend well beyond the preparation of a return. Understanding those implications throughout the planning and administration process can help avoid unintended consequences and support a client’s broader financial and estate planning goals.
At Johnson O’Connor, our Trusts & Estates Tax Team regularly collaborates with clients and their professional advisors to evaluate tax considerations as circumstances and planning needs evolve.
Areas We Assist With
- Trust Distribution Planning – Considering the income tax implications of distributions from trusts and strategies for trusts and beneficiaries.
- Estate Plan Modeling – Modeling potential tax outcomes before, during and after the drafting of wills and trusts to help identify potential tax implications.
- Gifting Strategies – Evaluating the tax considerations associated with gifts to individuals, trusts and charitable organizations.
- Multistate Considerations – Addressing residency, domicile and other state and jurisdiction-specific tax considerations.
- Ongoing Tax Planning – Considering how changes in tax law, financial circumstances or family needs may affect existing planning.
Thoughtful tax planning is one part of a comprehensive trust and estate strategy. Our team is available as a resource when tax questions or considerations arise.