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Partnering with Ghirardo CPA may be the most important decision you can make. We'll provide the personal attention and excellent service you deserve. We look forward to hearing from you.

Estate and Gift Planning

Sweeping changes in federal law make it absolutely essential that you pay particular attention to protecting your wealth from estate and gift tax. Even estate plans created only a few years ago may need to be revised.

Beginning January 1, 2010, the federal estate tax was temporarily repealed for a period of one year. It remains to be determined what the estate tax will ultimately be when it returns in 2011 and whether legislation will be passed to retroactively reinstate it for 2010. Most experts are anticipating that something similar to the estate tax in effect for 2009 will become permanent going forward. This would mean a 45% tax on the total value of all personal assets, family businesses, retirement plans and life insurance proceeds to the extent their combined values exceed $3.5 million.

You have worked hard accumulating wealth. By working with Ghirardo CPA, you can prevent the government from taking half of it.

We work with our clients to create estate plans that take into consideration all relevant factors unique to them.

Clarification of family goals and personal philosophy, values and objectives.
Devising and implementing strategies to minimize estate and gift tax liabilities.
Analysis of the use of spousal and property transfers.
Developing a lifetime gifting program utilizing vehicles such as charitable trusts, qualified personal residence trusts and family limited partnerships.
Performing business valuations for estate and gift tax purposes.
Periodically monitoring and reviewing the plan to make revisions to reflect changes in the economy, tax regulations and your personal situation.

Because the decisions you make today can have a lasting impact on your future and future generations, it is important to plan ahead. Ghirardo CPA’s estate plan specialists understand the importance of ensuring long-term financial security for your family.