Marcum LLP
Tax & Business

Family Wealth Services - Trusts & Estates

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The estate and gift tax laws are highly complex and specialized. When families and individuals plan for their future, they need to know that their service providers are experienced, highly-skilled and technically superior. In response to this need, Marcum has assembled a team of specialists to deal with the many intricacies of trust and estate work.

Our Trusts & Estates Group provides clients with a comprehensive array of Trust and Estate planning and administration services. We understand that, when it comes to your family's future, the stakes are high and we address all client dealings with the gravity and discretion they deserve.

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Related Services:     Marcum Family Office   |   Philanthropy Planning & Private Foundations   |   Private Client Tax Services   |   Trusts & Estates

Estate Planning

A well-conceived estate plan is the only way to protect your assets from substantial estate, income and excise taxes. That's why many individuals and family-owned businesses that rely on Marcum for their individual, corporate and partnership income tax work have also turned to us for estate planning and family business succession planning.

Marcum's Trusts and Estates Group offers planning services to help you develop a strategic plan that will preserve your assets for the financial security of your family's future. The accountants and attorneys employed in Marcum's Trusts and Estates Group can help you understand and weigh the options available, so that you can make the best decisions for the future of your family and your business.

  • Development and design of estate plans to reduce estate and/or gift tax and maximize family wealth.
  • Development of family gift giving programs and preparation of applicable federal and state gift tax returns.
  • Creation and implementation of business succession plans.
  • Creation of strategies for utilization of inter-vivos trusts in the estate planning process.
  • Design and implementation of charitable giving strategies to minimize estate, gift and income tax.
  • Planning for Individual Retirement Account (IRA) and qualified plan distributions to maximize family wealth and minimize taxes.
  • Preparation of business valuations to be utilized in effectuating lifetime gifts to minimize estate and gift tax.
  • Assisting clients in identifying long-term care needs and implementing solutions.

Trust and Estate Administration

The executor of an estate is charged with the often daunting task of administering that estate. Depending on the complexity of the property, how it is owned, the provisions of the decedent's will, and the applicable law, the executor has before him or her various complicated responsibilities that are often best carried out with the guidance and assistance of a knowledgeable advisor.

Marcum's Trusts and Estates Group addresses the needs of surviving family members and provides advice and representation on federal and state estate, gift and income tax issues that affect the estate or trust, its beneficiaries or fiduciaries.

  • Preparation of federal estate tax returns and applicable state inheritance/estate tax returns.
  • Preparation of judicial and non-judicial fiduciary accountings for trusts and estates.
  • Preparation of fiduciary income tax returns for trusts and estates, including tax planning to minimize income taxes.
  • Post-mortem planning, including use of disclaimers, redemption of shares of closely-held businesses, and allocation of generation-skipping transfer tax exemption.
  • Working with attorneys, executors and beneficiaries to minimize estate tax and income tax.
  • Assisting executors in navigating through the estate administration process.
  • Assisting beneficiaries in resolving family disputes regarding inherited or inheritable assets.
  • Valuation of closely-held business interests to minimize estate tax.
  • Preparation of Federal and State gift tax returns.
  • Preparation of Federal estate tax returns (Form 706) and applicable State inheritance/estate tax returns.
  • Preparation of Federal and State fiduciary income tax returns including income tax planning to minimize taxes.
  • Preparation of Federal and State Charitable Trust Information returns.
 

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Related News

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Press Release

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Marcum LLP today announced that Former Secretary of State Hillary Rodham Clinton will be the keynote speaker at the Marcum Women's Forum in New York ....

Bloomberg News quoted Tax Partner Edward Reitmeyer in a story about the growth of dynasty trusts under the new tax law.


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Many of the biggest beneficiaries of President Donald Trump's tax overhaul haven't even been born yet. The new law doubles the amount that can be ....

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An approximately $30 trillion transfer of wealth is currently under way in the U.S. as aging baby boomers pass their assets to successive generations. This ....

Tribune News Service asked Trusts & Estates Partner Janis Cowhey for advice in an article about the importance of planning ahead for assets that will later be inherited by a child.


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Sometimes even families present only enough facts so that it looks like a no-brainer, but you have to consider everyone else's tax implications.

A Connecticut Post columnist urged readers to attend a panel featuring Greenwich Office Managing Partner John Mezzanotte discussing changes for high net worth taxpayers under the new tax law.


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Due to tax law changes, 2018 presents a different environment than 2017 - but how different? Estate taxes have changed dramatically on both the federal ....

CNBC spoke with national Tax Leader Joseph Perry about how to mine your 2017 tax return for savings opportunities in 2018.


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CNBC spoke with national Tax Leader Joseph Perry about how to mine your 2017 tax return for savings opportunities in 2018.

This spring, don't just stuff your completed tax return into a drawer. Go through it for savings opportunities you can seize right now.

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In spite of its many iterations since 2009 and the 56,000 new taxpayers with their $11 billion added to Internal Revenue Service coffers, on September ....

Long Island Business News interviewed Tax Leader Joseph Perry for an article about the new tax treatment of stock options granted to executive employees earning more than $1 million.


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Inc. magazine quoted Philadelphia Tax Leader Ed Reitmeyer in an article about errors in the new federal tax law that could cost taxpayers big money.


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Many entrepreneurs have celebrated President Trump's signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills.

Financial Advisor magazine interviewed Greenwich, CT, Office Managing Partner John Mezzanotte for an article about the loss of certain itemized tax deductions under the Tax Cuts & Jobs Act of 2017.


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Financial Advisor magazine interviewed Greenwich, CT, Office Managing Partner John Mezzanotte for an article about the loss of certain itemized tax deductions under the Tax Cuts & Jobs Act of 2017.

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The Tax Adviser published an article co-authored by Tax Director Don Zidik, about recent developments in individual taxation.


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This article is a semiannual review of recent developments in the area of individual federal taxation, including issues of deductible alimony, trade or business expenses, ....

Trusts & Estates Brochure

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Contacts

Select the region to view contacts.

Ronald  Finkelstein, Partner, Tax & Business
Practice Leader
Partner
Tax & Business
Melville, NY
NY

David  First, Partner, Tax & Business
Practice Leader
Partner
Tax & Business
New York, NY
NY

David  Appel, Senior Partner, Tax & Business
Senior Partner
Tax & Business
Miami, FL
FL

Robert L. Babek, Office Managing Partner, Tax & Business
Office Managing Partner
Tax & Business
Los Angeles, CA
CA

Janis L. Cowhey, Partner, Tax & Business
Partner
Tax & Business
New York, NY
NY

Barry  Fischman, Partner, Tax & Business
Partner
Tax & Business
New Haven, CT
CT

 
Larry  Ingber, Principal, Tax & Business
Principal
Tax & Business
Melville, NY
NY

Stephen  Lassar, Partner, Tax & Business
Partner
Tax & Business
New York, NY
NY

John J. Mezzanotte, Office Managing Partner, Tax & Business
Office Managing Partner
Tax & Business
Greenwich, CT
CT

James  Philbin, Partner, Tax & Business
Partner
Tax & Business
Boston, MA
MA

Jeffrey  Winkleman, Partner-in-Charge, Corporate Taxation, Tax & Business
Partner-in-Charge
Corporate Taxation
Tax & Business
Philadelphia, PA
PA

 
 
2018 YEAR-END TAX GUIDE

The Marcum 2018 Year-End Tax Guide continues our tradition of providing timely tax guidance for the upcoming year.

 
 
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