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Estate & Trust Services

Specialized skills, services and experience

  1. Diverse clientele including high-net worth individuals and families, attorneys, professional trustees, and bank trust officers
  2. Extensive experience with preparation of Estate and Gift tax returns
  3. Expert knowledge on estate planning strategies and succession planning concerns
  4. Research on complex issues
  5. Review of trust documents and trustee assistance
  6. Business valuations
  7. Client specific ‘financial management’ services
  8. Fiduciary income tax issues

We offer an array of services in our fiduciary department. We have in-depth knowledge and experience in the areas of:

Estate and Gift tax return preparation

Our office has extensive experience in the preparation of Estate and Gift tax returns. We utilize specialized tax software for planning and preparation. We have experience preparing various out of state Estate and Inheritance Tax Returns, as well as with the Federal and New York returns. We are not attorneys and, therefore, do not provide legal services or advice but work in cooperation with legal professionals. We also work directly with individual executors, trustees, and financial advisors to assist them with their administrative responsibilities, such as collecting and transferring securities, adjusting tax basis, analyzing financial information for optimizing tax elections, and minimizing tax liabilities. The services we provide regarding estate and gift tax return preparation are further enhanced by additional services we provide such as valuation services for closely held business interests.

Estate Planning

Our services range from a brief review of an existing Trust Agreement, to an analysis of a complex estate plan. We value a “professional team” approach, working with attorneys, professional trustees, financial planners, and other professionals. We have the expertise to work with an assortment of estate planning vehicles like family limited partnerships, inter vivos trusts or probate estates, irrevocable life insurance trusts, qualified personal residence trusts, charitable lead trusts, and annuity trusts. We have assisted individuals, charities, and attorneys in setting up charitable remainder trusts and in using other charitable gifting techniques. We have the knowledge of both the filing requirements necessary for recognition of exemption under 501(c)(3) of Internal Revenue Code and the registration and filing requirements with New York State Charities Bureau, Office of the Attorney General. Also, we bring extensive skill and insight to the area of postmortem tax planning including handling interrelated income tax / estate tax issues and to analyzing the funding of various trusts.

Fiduciary Income Tax Preparation

Our specialized skills extend into the fiduciary tax preparation area. We are experienced in the preparation of returns for probate estates, simple and complex trusts, charitable remainder annuity and unitrusts, as well as charitable lead trusts. We prepare numerous fiduciary returns each year and provide back office support to a bank trust department, professional trustees, and executors.

Contact Us

Kirshon & Company, P.C. Certified Public Accountants

P.O. Box 1999
22 IBM Road, Suite 210
Poughkeepsie, NY 12601

Phone: (845) 473-1811
Fax: (845) 473-2479

Despite COVID-19 we are dedicated to our clients’ service

To contribute to the health and safety of both our staff and our clients, we are making changes due to the COVID-19 outbreak and will no longer be offering face-to-face client meetings, effective immediately. At this time, we would prefer to do as much as possible via email as that will be the most efficient way to reach us and urge our clients to work with us to find ways to avoid coming to our office. We have links in the menu above that enable you to submit files and payments directly to us. During this unprecedented period, we are striving to provide the highest level of professional service possible. Your business is important to us and we are monitoring email and voicemail regularly. We are conducting business as usual, so please reach out with your tax matters.
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We've moved! Our mailing address is: P.O. Box 1999, Poughkeepsie, NY 12601. Our physical address is: 22 IBM Road, Suite 210, Poughkeepsie, NY 12601. Phone, fax and email remain unchanged.