Managing an estate can be a challenging task. While every taxpayer wants to pay the least amount allowed in income taxes, the goals and challenges of estate administration extend far beyond this premise. There are several items that must be considered when establishing an estate, including how assets should be managed, distributed, and how they will be used. The challenge for many is finding a provider that not only understands these planning issues but also has the knowledge to identify the right mix of solutions for each estate. While some solutions require legal expertise to ensure the proper estate set up and structure, other solutions are more financial in nature. Wealth preservation and management, gifting strategies, insurance planning, and charitable giving play an important, but different role depending on the estate’s needs and goals. For this reason, it’s crucial to partner with a provider who understands the complexities on the financial side of estate planning and administration.
Klatzkin works with numerous estates and trusts in Lower Bucks County and across New Jersey to provide the needed direction and expertise to help individuals reach their estate planning goals. Our team has years of experience working with estates to best plan how to manage and pass assets to future generations with minimum tax consequences, allowing you to direct where, how, and when assets are distributed. After death, Klatzkin can reduce the stress on the Executor by helping them navigate the overwhelming complexities of the estate administration. Our team of experts stands ready to meet your trust and estate administration needs.