Were you aware that federal estate tax rates can run from 37 to 55%? Perhaps you may think that you do not need estate planning, after all only the very wealthy need to worry about this, right? Not so, with the inflation of the dollar and the rollback of the estate tax exemption limits, many taxpayers and their families will find themselves having to struggle with estate taxes. The professionals at Tompkins & Peters CPAs, P.C. are experienced and knowledgeable in the area of estate and fiduciary tax planning, and preparation. We help our clients implement effective estate, trust, and gift planning and help to guide them through the intricacies of estate, trust, and gift tax laws.

Our professionals understand that each client has unique needs and we provide the recommendations and tools necessary to create timely and effective plans that offer both tax savings benefits as well as considerations for the needs of their family members, businesses, goals, and the legacy they wish to leave behind.

Tax returns are also required for many trusts and estates depending on the laws in effect and the design of the trust and estate. The professionals at Tompkins & Peters CPAs, P.C. have the expertise required to prepare these complex returns. Returns that may be required include the Federal Form 706, 709, and 1041 as well as any state returns that may be required depending on residency and/or location of the assets involved in the estate and/or trust.

Protect your hard earned money and assets from taxes to the fullest extent available under the law and provide your family with the security and piece of mind they deserve.  Call Tompkins & Peters CPAs, P.C. today and let us help you plan for tomorrow, today.