Serving Many Communities Including Albany and New York City
The tax attorneys at Pierro, Connor & Associates, LLC are ready to be of assistance to people from Albany, New York City, and other cities across the state. They work to develop a plan to minimize transfer taxes during and after a client’s lifetime, by utilizing sophisticated techniques to maximize the wealth our clients transfer to their children or to other designated beneficiaries. The tax planning department will prepare estate and gift tax returns, and provide assistance in resolving audits of estate and gift tax returns. In addition, the Tax Planning Department will consult with our clients to help them fully understand their retirement benefits, and advise and develop strategies to maximize the benefits our clients receive from their retirement plans. Our key services in Tax Planning include:
Developing an Estate Plan to Maximize the use of the Estate Tax Exemption:
Does your existing estate plan provide for the maximum use of your estate tax exemption in order to maximize the wealth you transfer to the next generation? If not, we can review and consult with you regarding your plan, and develop a plan to maximize the use of your estate tax exemption.
Preparing Estate and Gift Tax Returns and Resolving Audits:
Are you in need of someone to prepare an estate or gift tax return, or someone to help you resolve an audit with the federal or state revenue department, then we can assist you in preparing an estate or gift tax return, or in resolving an audit with the federal or state revenue department.
Use of Advanced Trusts to Maximize Wealth Transferred to the Next Generation:
Do you have the proper planning in place to maximize the wealth you pass to the next generation while reducing your estate and gift tax liability? We can assist you in developing a plan through the use of sophisticated trusts and planning techniques to remove appreciating assets from your estate and transferring the assets to your intended beneficiaries, while reducing your estate and gift tax liability.
Planning With Investments and Retirement Benefits:
Do you have an investment strategy in place that takes into consideration your future retirement goals and provides efficient tax planning? We will work closely with you to review your current planning and develop a plan that will minimize the tax liability on your investments and retirement benefits, while accomplishing your retirement goals.
Charitable Planning with Retirement Benefits:
Do you have retirement benefits that will incur a large income tax liability upon distribution? Through the use of charitable trusts we can develop a plan to minimize your tax liability while retaining an annuity or remainder interest for your benefit or the benefit of your intended beneficiaries, and still allow you to receive a charitable deduction on your tax return. In addition to efficient tax planning, this plan will allow you to fulfill your philanthropic goals.
Planning to Minimize the Impact of Large Capital Gains:
Do you have investments that will incur a large capital gains tax when the investment is sold or when distributions are required to be made from the account, then we can work with you to develop a plan to minimize the capital gains tax liability.
If you are in need of tax planning, call us to schedule an appointment to get the answers you need.
Types of Services
- Estate Tax Return Preparation and related services
- Gift Tax Return Preparation and related services
- Estate Tax Return Audits
- Gift Tax Return Audits
- Drafting or Comprehensive Review and Analysis of Intentionally Defective Grantor Trust
- Drafting or Comprehensive Review and Analysis of Grantor Retained Annuity Trust
- Drafting or Comprehensive Review and Analysis of Qualified Personal Residence Trust
- Drafting or Comprehensive Review and Analysis of Wealth Replacement Trust
- Drafting or Comprehensive Review and Analysis of Charitable Lead Trusts
- Drafting or Comprehensive Review and Analysis of Charitable Remainder Trusts
- Review of retirement and investment accounts
- All other services connected with Tax Planning