Thoughtful estate planning protects your family, your business, and your legacy. As tax professionals in Tampa, we coordinate with your attorney to align legal documents with tax strategy—so your plan works in real life. (We do not provide legal advice; we collaborate with your lawyer.) Explore our services: Tax Preparation & Planning, Accounting & Bookkeeping, Controller/CFO Services.
1) Proactive tax savings
Coordinate gifting, trust funding, and timing to reduce lifetime and estate taxes under federal rules.
2) Step-up in basis tracking
Document basis for property and investments to optimize step-up calculations and minimize capital gains for heirs.
3) Probate-ready records
Organize statements, valuations, titles, and beneficiary forms to streamline probate and cut delays.
4) Trust accounting & filings
Maintain accurate ledgers and prepare Form 1041 for trusts/estates; coordinate distributions and K-1s.
5) Business succession planning
Protect continuity for Tampa owners: valuations, buy-sell funding, control shifts, and tax-aware exit paths.
6) Beneficiary & title reviews
Audit beneficiary designations (IRAs, life insurance) and asset titling to match your estate plan.
7) Charitable giving strategies
Use donor-advised funds, CRTs, or bequests to align impact with deductions and income timing.
8) Liquidity planning
Model cash needs for taxes, debt, and expenses; plan reserves or insurance so heirs aren’t forced to sell assets.
9) Roth conversion & IRA coordination
Evaluate pre-/post-mortem conversions and beneficiary payout rules to reduce lifetime and heir taxes.
10) Real-estate & homestead nuances
Track basis adjustments, depreciation recapture, and Florida homestead considerations with your attorney.
11) Digital assets & passwords
Catalog access to accounts, cloud storage, and subscriptions to avoid lockouts and value loss.
12) Ongoing reviews
Update your plan for life events and law changes. Annual check-ins keep documents and tax strategy aligned.
What to bring to your consult
- Recent tax returns and a simple net worth list
- Statements for brokerage, retirement, life insurance
- Property deeds/titles and any business agreements
- Existing will/trust/POA (if any)
- Goals, heirs, and any charitable interests
Service area
Tampa, Hillsborough County: Westchase, Carrollwood, South Tampa, New Tampa, Brandon, Riverview, Wesley Chapel y alrededores.
FAQs
Does Florida have an estate or inheritance tax?
Florida currently does not impose any state-level estate tax or inheritance tax on its residents, making it one of the more favorable states in terms of estate taxation. However, it is important to note that federal estate tax regulations may still apply depending on the overall size, value, and specific details of your estate. We will collaborate closely with your attorney to thoroughly review and ensure that all applicable federal requirements are properly addressed, managed, and coordinated to best suit your individual situation and financial goals.
Do I still need an estate plan if I have a will?
Yes. A comprehensive and well-thought-out estate plan can encompass a wide range of important components, including trusts, beneficiary designations, powers of attorney, and a carefully designed tax strategy. These elements work together to provide protections and benefits that a will alone simply cannot cover. By incorporating these various tools, an estate plan ensures greater control, flexibility, and security for your assets and your loved ones, addressing many scenarios that a standalone will might overlook or be unable to handle effectively.
Which tax returns might be required after death?
Common filings typically include Form 1041, which is used for reporting income from estates and trusts, and for larger estates, the submission of a federal estate tax return is often necessary. Additionally, if gifting is involved, it may be required to file Form 709, which pertains to gift tax returns. We will provide comprehensive advice on the appropriate timing for these filings and help coordinate the entire process to ensure everything is handled efficiently and correctly.
Do you provide legal documents?
No. We handle every single aspect of your tax and accounting needs comprehensively for you, managing all details thoroughly. Additionally, we collaborate closely and maintain ongoing communication with your estate planning attorney to make certain that all legal documents are meticulously prepared and fully aligned with your overall estate plan, ensuring complete consistency and compliance throughout the process.
Ready to make your estate plan tax-smart?
We help Tampa families and business owners with tax planning & filings, trust accounting and CFO guidance. Schedule Consultation
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