Estate, Gift & Fiduciary Tax Planning

At Lawrence Tax Service (LTS), our team of tax professionals is highly skilled in the preparation of specialized tax returns, including Form 1041 for Fiduciary Trusts and Probate Estate Income, Form 706 Estate (and GST) for "death" tax, and Form 709 for Gift tax returns. As you navigate the selection of tax professionals, it is vital to choose those who not only prepare these returns but also serve as strategic advisors, coordinating the planning across various financial areas. Our expertise extends to:

• Managing the unique bookkeeping and record-keeping demands that these complex tax categories require. We pride ourselves on our collaborative approach, working alongside your estate planning legal team and other financial advisors to ensure a seamless integration of services.
• Understanding the intricate tax rules and financial dynamics associated with end-of-life scenarios, family succession, educational funding, and charitable planning. This deep familiarity underscores the importance of having trusted, experienced, and competent tax advisors as part of your broader financial and legal advisory team. Our goal is to help you navigate the complexities of this highly personal and significant phase of life and legacy planning.

At LTS, we do more than just prepare and file tax returns. We coordinate closely with your legal and financial advisors to ensure that all parties are aligned with the tax strategies and elections being implemented. Given our longstanding relationship with multi-generational families, we recognize the realities of life's transitions and are prepared to support and guide you through the estate planning updates that inevitably occur. Please know that your dedicated tax team at LTS is here to assist you in this critical area of your tax and financial life, whenever you need us.