Trust & Estate Planning
CPA
Principal
CPA
Director
CPA
Principal
CPA
Principal
CPA
Principal
CPA
Principal
CPA
Firm Director
CPA, J.D., CFP®
Director
CPA
Principal
CPA
Principal
CPA
Principal
Director
CPA, M.B.T., CEPA
Principal
J.D., CLU®, CFP®
Principal
Principal
CPA
Principal
CPA
Principal
CPA, J.D.
Principal
CPA, J.D.
Principal
CPA, MBA, PFS™
Principal
Director, J.D.
CPA, MBA
Principal
CPA
Principal
CPA
Principal
CPA
Principal
CPA
Director
CPA
Principal
MAcc, CPA
Principal
J.D., LL.M.
Principal
CPA
Director
Principal
MST, CPA
Principal
CPA
Principal
Our professionals will work with you and your advisors to clarify your goals and objectives. Then, we will identify solutions, design a plan and implementation timeline, prepare for taxes, and more.
Baker Tilly has expertise working with families with multigenerational wealth, business owners, family offices and high-net-worth individuals. Our professionals can help coordinate an estate plan that achieves your objectives and provides reassurance for you and your family. When designing your plan, we consider your unique goals and work to minimize tax implications. And as your goals evolve, our professionals will adapt the plan.
Your estate makes up everything that you own or have an interest in. For example, bank or brokerage accounts, residences, physical assets, etc. are all part of your estate.
Proactively creating a plan can ensure that these assets are distributed how you wish versus how a statute defines. If you don’t plan ahead, “Uncle Sam” or your state of residence may become your heir.
In New York, if a decedent has a spouse and children, the spouse inherits $50,000 plus half of the estate value and the children inherit the balance – outright. To avoid this, couples can draft a will and create trusts to make use of federal and state lifetime exemptions and protect their assets for the surviving spouse and children.
Your will should be an integral part of your estate plan and helps to outline to whom your wealth should be transferred.
Where should you begin?
Start by putting together a list of all your assets and to whom you’d like to leave your assets to. From there, consult our professionals as well as a lawyer or any other advisors that you currently work with. We’ll work side-by-side to ensure your assets are protected and your estate is properly planned.
“Our professionals aren’t afraid to suggest forward-thinking strategies that will best suit you and your family. Our number one goal is to ensure your loved ones are taken care of in the way you intended.”Randi Schuster, Principal
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.
