Tax: Estate & Fiduciary Services

At Draffin Tucker our estate and fiduciary tax services provide guidance and support for individuals, families, and trustees in relation to estate planning, administration and taxation. We can assist with the preparation of estate tax returns, trust income tax returns, and gift tax returns. Draffin Tucker can also provide guidance on estate and gift tax planning, trust administration, and probate matters. We can help clients minimize estate and gift taxes, ensure compliance with tax laws and regulations and provide representation in case of audits and appeals. Estate and fiduciary tax services can be especially important for high net worth individuals and families, as well as for those who have complex financial and legal matters to consider.

Estate Planning

Estate planning can be a sensitive and emotional process, but it is an important step in ensuring that your wealth and possessions are properly cared for after your passing. At Draffin Tucker, we specialize in tax strategies for estate planning, but our primary focus is helping you achieve your non-financial goals for your loved ones. We understand that every individual has unique goals based on their family situation. That's why we take the time to get to know you and your needs, and develop a customized plan to help you reach your objectives. Our team works closely with attorneys and financial advisors to implement strategies that minimize gift and estate taxes and ensure that your wishes are carried out. Our team can help you navigate this important process with care and expertise.

Estate Return Preparation and Representation

Losing a loved one is a difficult and emotional experience. Filing an estate tax return can add to the burden, but at Draffin Tucker, we are here to help. We consider it a privilege to serve our clients in their time of need, and we understand how wise planning and guidance can ease the loss. We work closely with estate attorneys and financial planners to minimize the burden on the executor or administrator, who is often a grieving family member. Using a collaborative approach, we prepare an accurate return that takes full advantage of provisions in the Internal Revenue Code to minimize taxes. We are also available to meet with beneficiaries to help them understand the process. Our team of professionals help you navigate this difficult time with compassion and expertise.

Representation for Audit and Examinations by Taxing Authorities

Being selected for an audit can be a distressing and overwhelming experience, but you don't have to face it alone. At Draffin Tucker, we regularly represent clients before the taxing authorities and understand the stress that comes with it. Our goal is to minimize that stress by helping you understand the process, exploring your options, and negotiating a favorable resolution on your behalf. We know that an audit can be a daunting experience, but we are here to support you and represent you well. Trust us to guide you through the process and work towards a positive outcome.

Gift Tax Return Preparation and Planning

Gift-giving should be a joyous occasion, but without proper guidance, it can result in unintended taxes and penalties. At Draffin Tucker, we work with clients to develop a gift-giving strategy that aligns with their goals and helps them make informed decisions. Our team is here to help you navigate the complex world of gifting, so you can focus on what matters most: spreading joy and generosity. We can help you create a plan that works for you and your loved ones.

Fiduciary Tax

As an estate administrator or trustee, it's your responsibility to manage estates and trusts, including filing all necessary forms accurately and on time. This can be a complex task, especially if the estate includes a variety of assets such as stocks and real estate, each with its own reporting requirements. At Draffin Tucker, we have the experience and expertise to handle these tasks with ease. We know how to file correctly and take advantage of deductions that can reduce taxable income. Our team can handle the complexities of estate and trust management, so you can focus on fulfilling your responsibilities with confidence.