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Estate Planning

In providing estate planning services, we provide services far beyond straight forward financial reporting. This planning area requires a special sensitivity to the dynamics of the client's entire life/family, finances, business, lifestyle, and goals. We will identify and clarify your goals, explain projected tax and other consequences, and recommend alternative strategies.

Estate Planning
Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.

Identifying Goals
Our role is to help you identify and clarify your estate planning goals. Most individuals have goals that center on preserving and directing the disposition of their assets, while reducing the potential estate tax liability and providing for adequate liquidity. During this process,we will help you come to terms with the prospect of death before goal setting can begin.

Developing Estate Planning Strategies
After reviewing your goals, assets, liquidity, legal documents, and other aspects of the your life, we will develop and evaluate alternative strategies that, based on available resources and other constraints, are designed to fulfill the estate planning goals. Key aspects in this area include: investigation of the income and estate tax implications of existing arrangements and proposed strategies; the verification that proposed strategies will meet specific goals; and the balancing of different and competing financial goals.

Planning for Transfers at Death
Where appropriate, and without violating prohibitions against the unauthorized practice of law, we will discuss with and evaluate how transfers of your property will occur—by will, by operation of law, by other contract, or the laws of intestacy. We can also review current wills or work with attorneys to determine that your clients' wishes are reflected in new wills being prepared.

Coordinating the Estate Planning Team
An important part of our role is working with the various members of your estate planning team—attorneys, insurance brokers, investment professionals, actuaries, appraisers, etc.—to ensure proper implementation of the strategies developed and to assure that all important concepts are included in the overall plan.


Member: American Institute of CPAs & New York State Society of CPAs.

65 North Ocean Avenue • Patchogue • NY 11772 • 631- 475-5445