Today, we’re in an age where a large transfer of wealth from one generation (Baby Boomers) to the next (their heirs) is underway. With that in mind, there are many strategies and tax implications that should be considered when planning for the establishment of trusts, especially where a business owner is concerned.
That process can begin with Rackers & Fernandez. If you’re planning to meet with an attorney, we will arm them with the comprehensive financial information they’ll need to prepare an appropriate plan to meet the client’s wishes.
If you’re the beneficiary, we’ll help you identify which returns you’ll need to file, if any, and calculate what your tax exposure may be.
