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Estates and Trusts Tax Services

Estate tax and trust tax requires a mix of technical proficiency and strategic insight to preserve family wealth. Understanding your specific situation and deductions or exemptions to look out for can be complicated, which is why CKH Group is here to help. Our Estate and Trust Tax Services combine planning and accurate & timely filing to keep more of your assets where they belong.

As a leading CPA firm based in Atlanta, we take pride in offering Estate Tax Services designed to:

    • Maintain tax compliance
    • Reduce risk or costly errors
    • Provide timely and efficient results

What Is Estate Tax? What is a Trust Tax?

The Estate Tax is a tax on the transfer of property upon your death. An estate consists of the sum of everything you own or have interests in at the date of death and is taxed above the exemption limit. A trust is a legal entity that holds assets for future distribution or management, for example, you might create a trust for your children’s college education. Income generated within an estate or trust is subject to tax.

What is the Estate Tax Exemption (2023)

Also known as the gift and estate tax exemption, it is a lifetime amount that an individual can gift without having to pay taxes. If an individual gifts an amount that is above the annual gift tax exclusion, that individual’s lifetime gift tax exemption ($13.61 million in 2024) is proportionally reduced. The gift and estate tax exemption are linked, meaning that the use of one’s gift tax exemption will reduce the amount one may leave at death estate-tax-free.

Do I Need to File an Estate Tax Return?

Most estates with values below the exemption limit do not require you to file an estate tax return. A filing is only required if the gross estate of the decedent, (increased by the decedent’s adjusted taxable gifts and specific gift tax exemption), is valued at more than the filing threshold for the year of the decedent’s death. For reference, 2024’s threshold is $13.61 million.

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Why Choose CKH Group?

CKH Group’s Tax Services are designed to unlock your tax potential and secure your financial well-being.

With CKH Group, you’re not just getting a CPA firm; you’re gaining a trusted partner committed to your success. Discover the CKH Group advantage, where excellence, integrity, and expertise come together to create a powerful tax partnership for you. Contact us today to explore how our Tax Services can add value to your organization.

Contact us to learn more about our
Estate/Trust Tax Services