Estate planning used to focus primarily on what happens to a person’s assets after they pass.
Not anymore, unfortunately. These days, estate planning has more to do with how wealth is managed while the owner is still alive.
The times have changed where you could just pass your business down to your children or a trusted family member. Nowadays, you need to make sure your finances are healthy and the business you leave behind is profitable.
Precision Accounting Intl LLC is committed to preserving your wealth for generations to come by ensuring that your financial and estate goals are met. In addition, we will prepare the following executors, trustees and guardians:
- Estate tax returns
- Preparation of NJ inheritance return
- Development and implementation of business succession plans
- Preparations of business valuations to be utilized in effectuating lifetime gifts to minimize estate and gift tax.
- Design implementation of various tax strategies to minimize estate, gift and income tax.
Furthermore, estate tax laws are very complex to comprehend (because of numerous clauses and injunctions) plus they are constantly updated.
To stay on top of these changes, you need the expertise of the accountants at Precision Accounting Intl LLC whose experience in complex planning and maneuvering in the ever-changing estate tax field is unsurpassed.