With extensive experience in the area of trusts and estates, we possess a deep understanding of the rules and complexities needed in order to effectively assist you, fiduciaries and attorneys in connection to the accounting, taxation, valuation and administration of estates and trusts.
Estate of Galli v. Comm’r, T.C., No. 7003‑20 and 7005‑20 involves an intra‑family loan that the Court determined was a valid, interest‑bearing obligation rather than a disguised gift, recognizing that a note issued at the Applicable Federal Rate (AFR) with proper documentation and timely interest payments can be respected as a bona fide loan while…
As a tax accountant, his specialties include Business Tax Services, Private Client Services, and Estate and Trusts Services. Joel’s extensive knowledge in federal and state tax laws, his ability to craft tailored tax strategies for his clients, and his advisory work with charitable organizations position him as a premier financial adviser for the Firm, the industry and the…
High-net-worth individuals often hesitate to implement estate planning strategies due to concerns about relinquishing control over significant assets. One effective strategy that helps ease these concerns is the Spousal Lifetime Access Trust (SLAT). A SLAT is an estate planning tool that allows the donor spouse to remove assets from their taxable estate while maintaining a…
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