Estate Settlement Services

The death of a family member is always a very traumatic experience. Along with the emotions of the mourning period, family left behind must deal with the necessary financial complexities. Competent professional advice and timely service is essential in settling an estate.

BlumShapiro is prepared to provide you and your family the full range of services you will need during these difficult times. We have been actively involved with all aspects of estate settlement for many years. Our dedicated group of estate and trust personnel can provide the personalized service that you have come to expect from us for your accounting and tax needs. Our experience shows that these services can be provided in a very cost-efficient manner and we encourage you to compare us with other available alternatives. Our Estate and Trust Planning Group provides the following services:

Filings:

• Admission of will to probate leading to appointment of executor or personal representative
• Preparation of initial inventory of assets
• Notification to possible creditors
• Preparation of accounting records for probate court
• Preparation of Federal Estate Tax Return
• Preparation of all State Estate or other Succession Tax Returns
• Preparation of Final Form 1040 for decedent
• Preparation of Estate's income tax returns-Form 1041

Technical and accounting services provided in connection with filings:

• Advise executor in fulfilling fiduciary duties
• Advice on elections and other planning related to estate
• Post-mortem estate and income tax advice
• Planning most advantageous disposition of retirement assets
• Assistance in the administration and coordination of life insurance trusts and other trusts which may be funded at death
• Ongoing monitoring of trust for generation skipping tax and other continuing compliance issues
• Bookkeeping, cash management including bill payment, and other related needs