ESTATES & TRUSTS

Estate & Trust CPA Firm: Protecting Legacies Through Strategic Fiduciary Tax Services

Much is at stake when managing the financial complexities of estate and trust planning. DHA CPAs is an experienced estate and trust CPA firm that helps families, trustees, and business owners navigate the financial and tax considerations of transferring wealth. Through specialized fiduciary tax services and comprehensive trust accounting services, our team makes sure that your family and beneficiaries receive their intended inheritance with minimal tax exposure.

Specialized services for our Estate and Trust clients include:

Trust & Fiduciary Tax Compliance

  • Form 1041 Preparation & Filing: As an experienced estate and trust CPA firm, we offer comprehensive income tax reporting for trusts, making sure fiduciaries meet all IRS requirements while optimizing deductions and income allocations.
  • Fiduciary Accounting: Our trust accounting services provide clear, compliant reporting of trust activity, helping you track distributions and income allocations with complete transparency.
  • Grantor Trust Reporting: Our CPAs manage complex grantor trust reporting requirements as part of our comprehensive fiduciary tax services, maintaining full compliance with IRS regulations.
  • Form 1041 Preparation & Filing: As an experienced estate and trust CPA firm, we offer comprehensive income tax reporting for trusts, making sure fiduciaries meet all IRS requirements while optimizing deductions and income allocations.
  • Fiduciary Accounting: Our trust accounting services provide clear, compliant reporting of trust activity, helping you track distributions and income allocations with complete transparency.
  • Grantor Trust Reporting: Our CPAs manage complex grantor trust reporting requirements as part of our comprehensive fiduciary tax services, maintaining full compliance with IRS regulations.

Estate Tax Planning & Wealth Transfer

  • Form 706 Estate Tax Returns: Our estate tax planning CPA team prepares state and federal estate tax returns with meticulous attention to valuation, deductions, and credits to minimize tax exposure.
  • Gift Tax Strategy (Form 709): Through proactive inheritance and gift tax strategy, our CPAs help families structure lifetime gifting and annual exclusion gifts to maximize tax efficiency and reduce future estate exposure.
  • Generation-Skipping Transfer (GST) Tax: We advise clients on GST tax implications to help them design wealth transfer strategies that support multi-generational financial goals.

Post-Mortem & Charitable Planning

  • Post-Mortem Tax Elections: Our advisors guide executors through critical post-mortem tax elections that can significantly reduce estate tax liability and optimize the overall tax outcome.
  • Charitable Trust Optimization: Our estate and trust CPA firm evaluates charitable giving structures to help families meet philanthropic goals with Charitable Remainder Trusts (CRT) and Charitable Lead Trusts (CLT).
  • Liquidity & Funding Analysis: We analyze estate liquidity and funding needs to guarantee that taxes, expenses, and distributions can be managed without the forced sale of family assets or businesses.

Why Trustees & Families Choose DHA

  • Specialized Fiduciary Expertise: Our CPAs possess deep technical expertise in fiduciary tax services, complex trust structures, and Subchapter J tax law.
  • Collaborative Advisory: Our team works closely with your estate attorneys and financial advisors to provide coordinated fiduciary tax services and strategic planning.
  • Multi-Generational Continuity: We help families create long-term estate tax planning and inheritance and gift tax strategies that support financial continuity across generations.
  • Proactive Compliance: Through proactive monitoring of tax law changes, like the sunsetting TCJA provisions, our team helps trustees proactively pivot strategies to reduce tax burdens.

REFERENCE GUIDES

Death of a Taxpayer
Estate Planning, Wills, Probate, and Transfer of Assets
Estate Tax Form 706
Personal Representatives – Estates

Looking for more? Check out our Reference Library for additional guides on tax and consulting topics.

“DHA helps us [First Fiduciary Corporation] prepare the majority of tax filings on behalf of our clients in a fiduciary capacity. We recommend DHA for their knowledge and experience working with fiduciaries, conservatorships, and estates and trusts. They have
been instrumental in helping us organize our files and submit paperwork for timely and accurate tax submissions, minimizing our
liability. DHA provided us with an organizational tool that gives a comprehensive view of tax filings and comparisons to previous years
to make sure income and deductions aren’t missing. The staff is extremely responsive to our requests and unique needs, and they meet
with us each year to help streamline our processes and improve communications between DHA and FFC, which we appreciate.”
-Eric Jonsgaard, First Fiduciary Corporation

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We’d love to meet you, talk about your financial goals,
and see if we’re the right fit to help you get there.

952.448.4220