Trust & Estate Services
The Tax Warriors® at Drucker & Scaccetti offer a wide range of services designed to assist clients with the financial management and administration of estates and trusts. We have extensive experience working with individual executors and trustees. Click on the links below to learn more about Drucker & Scaccetti’s Trust & Estate Services:
Estate & Gift Tax Return Preparation
The Tax Warriors® have substantial experience in the preparation of estate and gift tax returns and can assist in the valuation challenges presented by closely held businesses or unique assets. We understand how to analyze and favorably present in these returns issues related to valuation. Our experience includes an in-depth understanding of the federal and state estate and inheritance laws and related probate procedures for the states of Pennsylvania, New York and New Jersey. We have also developed cost effective relationships with estate planners in numerous states, including Florida, and various foreign countries.
Fiduciary Income Tax Return Preparation
Our firm’s primary area of expertise is in providing tax services for businesses, individuals, trusts and estates. Given that range of expertise, we possess significant experience with tax issues in the fiduciary area, including probate estates, simple and complex trusts, charitable remainder and lead annuity trusts. As a result of our extensive income taxation experience, we have an acute understanding of the interaction of these planning vehicles and the individual tax returns of grantors and beneficiaries.
The Tax Warriors® at Drucker & Scaccetti offer a broad spectrum of estate planning services, from brief reviews of existing will and trust documents, to an analysis of a complex overall estate plan. We appreciate and promote the advantages of a professional team approach. The Tax Warrior Team includes skilled tax accountants and attorneys who work closely with attorneys, financial planners and other professionals.
We have the expertise to work with all estate planning vehicles, including lifetime trusts, irrevocable life insurance trusts, qualified personal residence trusts, family limited partnerships, S corporation qualified trusts, charitable remainder trusts and charitable gifting techniques. With our extensive experience in tax preparation services, we bring insight to the area of postmortem tax planning, dealing with interrelated income tax and estate tax issues, tax elections and trust funding.
Court Accountings for Estates, Trusts and Foundations
We provide formal or informal accountings in all formats required by courts, trustees and/or beneficiaries for probate estates and trusts. In most cases our initial trust accounting meets the requirements of the family and probate court. However, if required, we also coordinate the execution of releases required to mitigate Executor or Administrator liabilities.
Fiduciary Administration and Bill Paying Services
Our team of expert CPAs understands complex estate and trust administrative accounting issues and assists fiduciaries in administering the day-to-day accounting for trusts and estates.
We also provide individual bill paying services tailored to the specific needs of clients. For instance, some of our clients are unable or lack the desire to be involved with bill payment, checking account reconciliation or financial record maintenance necessary for tax return preparation as required by law. In these cases, we are happy to assist as much or as little as each client may require. We then provide monthly statements supporting the actions taken for client review and approval.
Cash Flow Planning and Coordination
The Tax Warriors at Drucker & Scaccetti understand complex investments and their tax impact. We also understand budgeting and cash flow management across entities and trusts so we can help you plan your cash flow to fund charitable bequests, beneficiary distributions and tax payments. Based on this in-depth understanding and our team’s collective expertise, we effectively communicate with your investment advisors regarding the impact of all kinds of investments or your cash flow, including structured notes, commodity ETFs, inflation-protected investments and private equity funds.