Brooklyn’s Best Trust and
Estate Planning Services
Estate planning and trust planning are complicated to navigate on your own. But if you seek help with these sensitive matters, it’s important to choose a service you trust. That’s where Gerstein’s Tax Service comes in. With over 40 years of experience in estate and trust planning, you can count on our team to guide you every step of the way.
Trying to find your way unaided in this landscape is highly hazardous to your financial health. Contact us today so we can start setting up your family for the future – the way you and they wish to.
Availability
Email or call us anytime.
In-person appointments are available:
Monday-Friday
9AM – 6PM
Location
375 1st Street
Brooklyn, New York 11215
Estate Planning
Many people think estate planning is only for the extremely wealthy since the estate-tax exemption is currently so large. But doing nothing can be a big mistake. The federal exemption may revert to an earlier, much-lower ceiling. State estate taxes may apply, with exemptions cut off at lower thresholds.
Estate planning is important for any individual who has assets and wealth they wish to see distributed according to their wishes. Our comprehensive estate planning services are tailored to meet the unique needs of each client. We will help you build and plan an estate that protects your family and assets. We will make sure your wishes are always respected and minimize any gift or estate taxes for your loved ones.
We take a holistic approach when it comes to estate planning. First, we evaluate your goals and work with you to create a customized plan. Your estate planner will take into account any personal concerns you may have and answer all of your questions along the way. Here are some of the services we offer for estate planning:
Drafting wills and living trusts
Planning for guardianship
Planning charitable gifts
Set up powers of attorney
Protect special needs beneficiaries
Develop strategies for minimizing taxes on estate assets
Update and review existing plans
Estate planning can sometimes be overwhelming and emotional. That’s why we take our time walking you through each step. We want to be thorough and make sure your wishes are carried out to fruition. With our experienced professionals helping you, you can have peace of mind that your estate goals will be met and your loved ones will be taken care of.
Trust Planning
Trust planning is a must for anyone with any assets that they would like to pass down to their beneficiaries without being hit with a significant tax bill. From charitable lead trusts (CLTs), charitable remainder trusts (CRTs), grantor-retained annuity trusts (GRATs), marital trusts, “intentionally defective” trusts and everything in between we can help you through the wonderland of trusts, each with its own tax implications.
Trusts can be used to provide for dependents, safeguard assets and manage future finances. In the event of your death or incapacitation, a trust will ensure your assets are protected and managed according to your wishes. As with all of our services, your trust planning is tailored to your specific needs and goals. Our team will work with you to make sure your trust meets those goals. Here are some of the services we offer here at Gerstein for trust planning:
Revocable trusts
Irrevocable trusts
Special needs trusts
Life insurance trusts
Selecting the right trust for your circumstances
Selecting and appointing trustees
Provide tax advice to minimize trust taxes
Trusts can be complicated, but Gerstein can help make them as simple as possible. Your trust planner will guide you through every step and make sure your trust is airtight. We’re committed to making sure your trust is properly executed, and your assets are protected according to your wishes
Gift Tax Planning
Like estate planning, gifting can be very complicated, with its yearly and lifetime exclusions from taxation. We can clear up the confusion and help put a plan in place to ensure that your gifting is efficient and tax-advantageous. Whether it’s advising on the best way to gift or preparing a gift-tax return, we can help.
Both estate planning and gifting are lifestyle decisions that can be fraught with emotion. We can’t tell you what to do or not to do, but we can spell out the financial and tax consequences of taking various alternative paths — and we strive to understand our clients well enough to offer personal counsel if asked. Here are some of the services we offer for gift tax planning:
Properly structure gifts to remain compliant with IRS regulations
Reduce or eliminate gift taxes when possible
Provide advice on specific gift tax situations
Review gifting strategy to minimize taxes
At Gerstein, we are always up-to-date with any federal and state regulations on tax laws. We will make sure your estate, trusts and charitable gifting are updated according to your wishes. You can trust our experienced team to have the best interests of you and your family in mind. We’ll always provide you with our best counsel and enact changes according to your wishes.
One more thing: We’re happy to work with our clients’ other financial advisors, as well as their attorneys. We do it all the time. We always welcome including people you trust in the process, so you can feel as comfortable as possible making your plans.
Get Started With Gerstein’s Today!
At Gerstein’s Tax Services, you can count on our team to provide comprehensive estate and trust planning services to protect your assets and your wealth. Our team specializes in customizing our solutions to fit your individual needs. The estate and trust planning process just starts with a simple phone call. We’ll set up a consultation with one of our trusted advisors.
From there, we’ll help you decide on the best estate and trust planning strategy for you. Remember, Gerstein also offers a variety of other services, such as gift tax planning, business succession planning and charitable giving. These services can help you ensure that your estate is properly taken care of after you pass away.
Our team is ready to help you create the best estate or trust for your goals. Get started today and schedule your initial consultation with a friendly Gerstein advisor!